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LONDON - Blackstone announced Thursday that its mandatory cash offer for Warehouse REIT plc will close for acceptances at 1:00 p.m. London time on October 23, 2025.
The offer, made through Blackstone’s newly formed company Wapping Bidco Ltd, became unconditional on September 5. Warehouse REIT shares were delisted from the Official List of the Financial Conduct Authority and removed from trading on the London Stock Exchange’s Main Market as of Thursday morning.
Blackstone has already initiated the compulsory acquisition procedure to acquire the remaining shares not yet tendered. The company dispatched formal compulsory acquisition notices on September 24 to shareholders who had not accepted the offer, informing them that Bidco would apply the procedure to compulsorily acquire remaining shares on the same terms upon expiry of six weeks on November 6.
Shareholders who accept the offer before the October 23 deadline will receive payment within 14 calendar days of their acceptance being processed. Those who do not accept will have their shares compulsorily acquired after November 6, with consideration held in trust by Warehouse REIT.
The acquisition follows Bidco’s announcement of an increased cash offer for Warehouse REIT’s entire share capital on July 10. The offer was later revised to constitute a mandatory cash offer following market purchases made by Bidco, as announced on August 22.
According to the press release statement, shareholders holding certificated shares must complete and return the Form of Acceptance along with share certificates, while those with uncertificated shares in CREST should make electronic acceptances.
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