Blackstone (NYSE:BX) shares are trading higher on Wednesday.
In fact, several banking and private equity shares traded higher after Donald Trump won the U.S. presidential election.
Meanwhile, Blackstone Real Estate Partners X has agreed to acquire all outstanding shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) for $17.50 per share.
The all-cash deal is valued at approximately $4 billion, including Retail Opportunity Investments' outstanding debt.
The purchase price represents a premium of 34% to Retail Opportunity Investments' closing share price on July 29, the last trading day prior to news reports of a potential sale.
"We are pleased to be acquiring ROIC, which owns a unique collection of high-quality assets in some of the most desirable West Coast markets," said Jacob Werner, Co-Head of Americas Acquisitions at Blackstone Real Estate.
The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.
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Retail Opportunity Investments' portfolio comprises 93 grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland.
"The sector is experiencing accelerating fundamentals, benefiting from nearly a decade of virtually no new construction, while demand for brick-and-mortar grocery stores, restaurants, fitness and other lifestyle retailers remains healthy," Werner added.
"We are confident that Blackstone will position ROIC's portfolio for continued growth and success," said Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments.
Price Action: ROIC shares traded higher by 4.28% to $17.30 at last check Wednesday, while BX shares traded higher by 4.03% to $176.46.
Image via Shutterstock
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黑石集團(紐約證券交易所代碼:BX)股價週三上漲。
實際上,唐納德·特朗普贏得美國總統大選後,幾隻銀行和私募股權股票交易走高。
同時,黑石房地產合作伙伴X已同意以每股17.50美元的價格收購零售機會投資公司(納斯達克股票代碼:ROIC)的所有已發行股份。
這筆全現金交易價值約40億美元,包括零售機會投資的未償債務。
收購價格比零售機會投資7月29日收盤價高34%,這是有潛在出售新聞報道前的最後一個交易日。
黑石房地產美洲收購聯席主管雅各布·沃納表示:「我們很高興收購ROIC,該公司在一些最理想的西海岸市場擁有一系列獨特的高質量資產。」
該交易預計將於2025年第一季度完成,但須遵守慣例成交條件。
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零售機會投資的投資組合包括93處以雜貨店爲主的零售物業,總面積爲1050萬平方英尺,集中在洛杉磯、西雅圖、舊金山和波特蘭。
沃納補充說:「受益於近十年來幾乎沒有新建建築,該行業的基本面正在加速,而對實體雜貨店、餐廳、健身和其他生活方式零售商的需求保持健康。」
零售機會投資總裁兼首席執行官斯圖爾特·坦茲表示:「我們相信,黑石集團將爲ROIC的投資組合做好準備,以實現持續增長和成功。」
價格走勢:週三最後一次檢查時,ROIC股價上漲4.28%,至17.30美元,而BX股價上漲4.03%,至176.46美元。
圖片來自 Shutterstock
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