(Reuters) -Britain’s Warehouse REIT recommended Blackstone’s sweetened bid to its shareholders on Friday, withdrawing support for industry peer Tritax Big Box REIT’s offer for the logistics specialist.
Blackstone raised its offer for the London-listed company to about 489 million pounds ($662.20 million) on Thursday, outbidding Tritax’s cash-and-stock offer of 485.2 million pounds.
($1 = 0.7384 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Janane Venkatraman)
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