Blackstone's $4 Billion Energy Bet Could Reshape U.S. Power Grid

Deep News

12/11

Blackstone Group LP's shares rose 0.5% in late trading on Wednesday following its latest major move—a $4 billion deal that could reshape America's electricity infrastructure. The investment giant announced an all-cash acquisition of Retail Opportunity Investments Corp (ROIC), totaling approximately $4 billion including debt. Under the agreement, Blackstone Real Estate Partners X will purchase ROIC's common stock at $17.50 per share.

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The investment giant announced an all-cash acquisition of Retail Opportunity Investments Corp (ROIC), totaling approximately $4 billion including debt. 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