Core Viewpoint - Warehouse REIT has withdrawn its support for Blackstone's acquisition proposal and is now backing Tritax Big Box's offer, which values Warehouse REIT at £485.2 million, surpassing Blackstone's previous bid [1][3]. Group 1: Acquisition Details - Tritax Big Box REIT's acquisition proposal includes a cash and share exchange, offering Warehouse REIT shareholders 0.4236 new Tritax shares and 47.2 pence in cash [3]. - The implied value per share for Warehouse REIT is 114.2 pence, representing a 39% premium over the closing price before the initial offer and approximately 4.8% higher than Blackstone's bid of 109 pence [3]. - Tritax has received support from shareholders holding 8.4% of Warehouse REIT's shares, including board members [3]. Group 2: Strategic Implications - The merger will create a combined company valued at £7.4 billion, focusing on large logistics and warehousing assets in the UK [3]. - Tritax anticipates clear strategic and financial synergies from the acquisition, projecting continued growth in earnings and dividends post-merger [3]. - Warehouse REIT's chairman expressed confidence in Tritax's ability to integrate and unlock synergies, emphasizing the benefits for shareholders [5].