Blackstone mulls abandoning bid for UK's Big Yellow Group, Sky News reports

Reuters12-01

<a href="https://laohu8.com/S/BX">Blackstone</a> mulls abandoning bid for UK's <a href="https://laohu8.com/S/BYLOF">Big Yellow</a> Group, Sky News reports

Dec 1 (Reuters) - Blackstone BX.N is "seriously contemplating" abandoning its bid for British self-storage company Big Yellow Group BYG.L ahead of the upcoming deadline for a firm offer, Sky News reported on Monday, citing sources familiar with the matter.

Shares of Big Yellow fell 4.8% in afternoon trading.

Reuters could not immediately verify the report.

Blackstone declined to comment, while Big Yellow did not immediately respond to a Reuters request for comment.

(Reporting by Unnamalai L and Simone Lobo in Bengaluru; Editing by Maju Samuel)

((Unnamalai.L@thomsonreuters.com;))

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