Blackstone Real Estate to Acquire Retail Opportunity Investments Corp. for $4 Billion
Acquiring Company
Blackstone
Acquired Company
Retail Opportunity Investments
New YorkFinancial ServicesReal EstateFinanceReal Estate InvestmentReal EstateE CommerceGroceryRetailDescription
Blackstone Real Estate Partners X will acquire all outstanding common shares of Retail Opportunity Investments Corp. (ROIC) for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The acquisition represents a premium of 34% to ROIC’s closing share price on July 29, 2024, reflecting Blackstone's strong conviction in the grocery-anchored shopping center sector.
Quick answer
Blackstone is acquiring Retail Opportunity Investments for $4 billion, announced November 6, 2024. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for Retail Opportunity Investments?
- The reported deal value is $4 billion.
- What does Blackstone do?
- Blackstone is one of the world's leading investment firms.
- Where are Blackstone and Retail Opportunity Investments based?
- Blackstone is based in New York, New York, United States.
- Who are the decision-makers at Blackstone?
- Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Real Estate
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Blackstone Real Estate Partners X to acquire Retail Opportunity Investments Corp. for $4 Billion, $4B (November 8, 2024)
- Blackstone acquires majority ownership stake in Jersey Mike’s Subs to drive expansion and technology investment (November 19, 2024)
- Alimentation Couche-Tard to acquire Hutchinson Oil Company's Hutch's convenience stores (November 12, 2024)
- Northwest Bancshares, Inc. to Acquire Penns Woods Bancorp, Inc. Strengthening Regional Presence (December 17, 2024)
- GLAS finalizes acquisition of Watiga, a Singapore-based service provider to expand its presence in Asia-Pacific region (December 16, 2024)
- SiteOne Landscape Supply, Inc. completes acquisition of OakStreet Wholesale Nursery to strengthen its presence in the Dallas market (December 16, 2024)
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Frequently asked
Who acquired Retail Opportunity Investments?
Retail Opportunity Investments was acquired by Blackstone, based in New York. The deal was reported on November 6, 2024. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.
When did Blackstone acquire Retail Opportunity Investments?
Blackstone's acquisition of Retail Opportunity Investments was reported on November 6, 2024. Blackstone Real Estate Partners X will acquire all outstanding common shares of Retail Opportunity Investments Corp. (ROIC) for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Retail Opportunity Investments do?
Retail Opportunity Investments Corp. It is privately held, operating in Real Estate.
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