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Big Yellow Group PLC - Bagshot, Surrey-based self-storage site operator - Alternative asset manager Blackstone Inc confirms it does not plan to make an offer for Big Yellow, which on Thursday had said talks with a Blackstone unit over a possible bid had ended. Big Yellow had said Blackstone Europe, part of the New York-based private equity investment manager, had updated the company on the status and valuation level of a possible offer. Big Yellow said after consideration, it has concluded that there is no basis for continuing discussions with Blackstone, adding the put-up or shut-up deadline of December 8 will not be extended.
Current Big Yellow stock price: 1,010.00 pence each, down 5.6% on Friday morning in London
12-month change: down 1.9%
Current Blackstone stock price: $151.83, up 0.3% in after-hours trading
12-month change: down 19%
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