- Big Yellow Group
- 01 December 2025 17:51:23
Source: Sharecast
According to Sky News, citing City sources, Blackstone has yet to make a final decision about a Big Yellow offer ahead of an 8 December deadline imposed by the Takeover Panel.
Sky said Blackstone was understood to have been working on its interest with the Canada Pension Plan Investment Board (CPPIB).
However, the self-storage company's key executives are said to be keen to extract an offer worth at least £14-a-share.
Big Yellow shares were trading at roughly £11.54, giving the company a market capitalisation of approximately £2.3bn.
Sky said analysts and investors had concluded that last week's Budget statement from the chancellor, Rachel Reeves, had paved the way for Blackstone to firm up its interest and lodge a formal bid - an outcome which could still materialise, subject to further discussions.
However, a withdrawal is now said to be the likeliest outcome, according to insiders.
Big Yellow shares closed down 6.4% at 1,086p.