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LONDON - Wapping Bidco Ltd, a company indirectly owned by investment funds advised by Blackstone (NYSE:BX) Inc. affiliates, has entered into an addendum to its confidentiality agreement with Warehouse REIT plc, according to a statement released Monday.
The addendum modifies the original confidentiality agreement dated March 30, 2025, making what was described as a "minor change" to the document. The companies did not disclose specific details about the modification.
This development follows the June 4 announcement that the boards of both companies had reached agreement on terms for Bidco’s recommended cash acquisition of Warehouse REIT’s entire issued and to-be-issued share capital.
In accordance with Rule 26.1 of the Takeover Code, the addendum will be made available on Warehouse REIT’s website by noon Tuesday.
Blackstone has stated that the financial terms of the acquisition are final and will not be increased, with exceptions only if a third party announces a possible offer for Warehouse REIT or if the Panel provides consent under "wholly exceptional circumstances."
Rothschild & Co is serving as lead financial adviser to Blackstone and Bidco in connection with the transaction.
The statement notes that the announcement does not constitute an offer to purchase securities or solicitation of votes, adding that any formal offer would be made solely through official offer documentation containing full terms and conditions.
This article is based on a press release statement from Blackstone Europe LLP.
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