Warehouse REIT agrees to merger with Tritax Big Box rather than Blackstone offer

  • Warehouse REIT PLC (AIM:WHR) has decided to merge with London-listed peer Tritax Big Box REIT PLC (LSE:BBOX) rather than be taken private by US private equity giant Blackstone. Today the two REITs said Warehouse had agreed to be taken over by Tritax in a cash and shares deal, where Warehouse shareholders will receive 0.4236 new BBOX shares plus 47.2p in cash for each share held.