Industrials REIT shareholders approve Blackstone acquisition

168p per share

The shareholders of Industrials REIT have approved the acquisition of the trust by Blackstone’s Bidco.

The deal, which was approved at a court meeting and a general meeting, values the company at over £500m, with 168 pence per share. Passing with 99.8% of shareholder votes, the acquisition will see Bidco, a newly-formed limited partnership indirectly owned by investment funds advised by affiliates of Blackstone, assume control of the REIT. 'Cash certainty' for Industrials REIT investors as £700m Blackstone deal agreed The trust is scheduled to see its shares delisted from the London Stock Exchange by 22 June, with a delisting in Johannesburg expected on 27 June. Industrials RE...