Stock Groups

Blackstone to buy REIT PS Business Parks in $7.6 billion deal -Breaking

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© Reuters. FILEPHOTO: This sign can be seen in front of The Blackstone Group headquarters, Manhattan, New York. It was taken on November 12, 2021. REUTERS/Andrew Kelly

(Reuters) – Blackstone, the world’s largest alternative asset manager has reached an agreement to acquire PS Business Parks, a real estate investment trust, in a transaction valued at $7.6billion.

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