Update 12/5/25 – Big Yellow announced on Thursday that it has ended talks with Blackstone regarding a possible takeover bid. The decision was made after Blackstone updated the company on the status and valuation level of a potential offer, according to a source.
Big Yellow representatives concluded that there’s no basis for continuing discussions, adding that the Dec. 8 deadline for Blackstone to declare its intentions won’t be extended.
Big Yellow’s shares dropped on Thursday by 1.5% following the news. Its share price fell 1.5% on Tuesday after reports that Blackstone might withdraw its interest in placing a bid, the source reported.
Source: Morningstar, Big Yellow Group Pulls Out of Acquisition Talks With Blackstone
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Update 12/2/25 – Blackstone might now withdraw its interest in placing a bid for Big Yellow. The news comes ahead of the Dec. 8 deadline the company received from the Panel on Takeovers and Mergers to decide whether to submit a takeover offer. A final decision has yet to be made, sources reported.
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Big Yellow executives reportedly sought a bid of at least £14 per share. The company’s shares dropped on Tuesday by 1.5% following the news, sources reported.
Sources:Sky News, Blackstone Cools on Bid for Self-Storage Group Big YellowReuters, Blackstone Mulls Abandoning Bid for UK's Big Yellow Group, Sky News Reports
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11/10/25 – Blackstone requested and received an extension from the Panel on Takeovers and Mergers until 5 p.m. London time on Dec. 8 to decide whether to submit a takeover offer for Big Yellow. It gives Blackstone additional time to evaluate the self-storage company and assess the potential impact, if any, of the new U.K. government budget on the self-storage sector, which will be announced on Nov. 26 and could include tax increases. Despite the additional time, no certainty exists that an offer will be made or on what terms.
Sources:Investegate, Extension of PUSU DeadlineMorningstar, IN BRIEF: Big Yellow Extends Blackstone Offer Deadline Past UK BudgetTipRanks, Big Yellow Extends Deadline for Blackstone’s Potential Offer
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Posted 10/13/25 - Private-equity firm Blackstone Europe LLP confirmed on Monday that it’s considering whether to make an all-cash offer to acquire United Kingdom-based self-storage operator Big Yellow Group PLC. Under U.K. takeover rules, Blackstone must announce its intentions by 5 p.m. London time on Nov. 10. This deadline can only be extended with approval from the U.K. Takeover Panel. The announcement follows recent media speculation about a possible takeover bid, according to sources.
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“Blackstone funds’ evaluation of Big Yellow is at a preliminary stage, and Blackstone is considering, amongst other factors, the macro-economic environment including the potential impact of the upcoming U.K. budget as it relates to the self-storage sector,” Blackstone issued in a statement.
Big Yellow, which trades on the London Stock Exchange, saw its shares jump nearly 21% on Monday following the news, reaching its highest level since November.
London-based Blackstone Europe is a subsidiary of New York-based investment and advisory firm Blackstone Inc. It manages assets and distributes funds in Europe and the Middle East. The company provides specialized financial services, including alternative asset management for businesses, and helps arrange transactions for Blackstone’s funds.
Founded in 1998, Big Yellow Group operates 111 self-storage locations in the U.K. under the Big Yellow Self Storage and Armadillo brand names, with most concentrated in Greater London and Southeast England. Its total portfolio comprises 6.4 million rentable square feet.
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Sources:Investing.com, Big Yellow Stock Surges on Potential Blackstone Takeover InterestInvesting.com, Blackstone Considers Possible Bid For UK Self-Storage Firm Big YellowMorningstar, Blackstone Eyes Offer for Big Yellow as Sells Assets to Tritax Big Box
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