Dec 1 (Reuters) – Blackstone is “seriously contemplating” abandoning its bid for British self-storage company Big Yellow Group ahead of the upcoming deadline for a firm offer, Sky News reported on Monday, citing sources familiar with the matter. Shares of Big Yellow fell 4.8% in afternoon trading. Reuters could not immediately verify the report. Blackstone […]
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Blackstone mulls abandoning bid for UK’s Big Yellow Group, Sky News reports
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Dec 1 (Reuters) – Blackstone is “seriously contemplating” abandoning its bid for British self-storage company Big Yellow Group ahead of the upcoming deadline for a firm offer, Sky News reported on Monday, citing sources familiar with the matter.
Shares of Big Yellow fell 4.8% in afternoon trading.
Reuters could not immediately verify the report.
Blackstone declined to comment, while Big Yellow did not immediately respond to a Reuters request for comment.
(Reporting by Unnamalai L and Simone Lobo in Bengaluru; Editing by Maju Samuel)