Announcements from US regulatory bodies or financial news outlets

Blackstone in Advanced Talks to Acquire Retail Opportunity Investments Corp. for $3.4 Billion, Owner of U.S. Shopping Centers

Nov 3, 2024, 11:59 PM

Blackstone is reportedly in advanced negotiations to acquire Retail Opportunity Investments Corp., a company that owns shopping centers across the United States. The acquisition is valued at approximately $3.4 billion, which includes the company's debt. This development has been confirmed by multiple sources, including Reuters and Bloomberg News, indicating significant interest from Blackstone in expanding its retail investment portfolio.