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Blackstone Agrees Increased £1.272bn Takeover Offer for St. Modwen

Says Will Not Hike Offer Again Unless Rival Bid Emerges
Blackstone is promising to accelerate growth of St. Modwen's industrial and homes businesses. Photographer: Mark Abramson/Bloomberg via Getty Images (Getty Images)
Blackstone is promising to accelerate growth of St. Modwen's industrial and homes businesses. Photographer: Mark Abramson/Bloomberg via Getty Images (Getty Images)
CoStar News
June 24, 2021 | 6:40 AM

Private equity giant Blackstone and UK developer St. Modwen have reached agreement on the terms of an increased and final recommended cash offer for the St. Modwen business.

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