Blackstone (BX) is in advanced talks to acquire Retail Opportunity Investments (ROIC), which owns U.S. shopping centers and has a market value of $3.4B including debt, Reuters’ Anirban Sen reports, citing people familiar with the matter. If the talks are successful, a deal could be finalized in the coming weeks, the sources said.
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Read More on ROIC:
- Retail Opportunity downgraded to Market Perform at Raymond James
- Retail Opportunity reinstated with an Underperform at BofA
- Retail Opportunity downgraded to Underperform from Neutral at BofA
- Retail Opportunity reports Q3 FFO 25c, consensus 26c
- Retail Opportunity sees FY24 FFO $1.03 – $1.05
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