{ }
Symbol ROIC
Name Retail Opportunity Investments Corp.
Currency USD
Sector Real Estate
IndustryGroup Real Estate
Industry Equity Real Estate Investment Trusts (REITs)
Market NASDAQ Global Select
Country United States
State CA
City San Diego
Zipcode 92130
Website http://www.roireit.net
Blackstone Inc. has agreed to acquire Retail Opportunity Investments Corp. in an all-cash transaction valued at approximately $4 billion. The deal, priced at $17.50 per share, represents a 34% premium over the real estate investment trust's closing share price on July 29, prior to reports of the potential acquisition.
Blackstone Inc. is reportedly in advanced negotiations to acquire Retail Opportunity Investments Corp., a company that owns shopping centers in the U.S. If successful, the deal could be finalized in the coming weeks, according to sources familiar with the discussions.
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