The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on November 6, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, J.P. Morgan acted as exclusive financial advisor to Retail Opportunity Investments Corp (ROIC), the target, in a lead capacity. On the acquirer side, Blackstone was advised by a group of four financial advisors acting collectively: BofA Securities, Morgan Stanley & Co. LLC, Newmark, and Eastdil Secured, none of which carries a specified lead designation in the facts block, per the source sentence naming all four together as Blackstone's financial advisors.
On the legal side, Clifford Chance US LLP served as legal counsel to ROIC, the target, while Simpson Thacher & Bartlett LLP served as legal counsel to Blackstone, the acquirer.
Beyond the cash consideration and take-private structure, with a disclosed deal value of $4,000,000,000, no further detail on per-share pricing, financing sources, or other structural terms is provided in the facts block.
Several items are not disclosed in the available record. No lead designation among Blackstone's four financial advisors (BofA Securities, Morgan Stanley, Newmark, and Eastdil Secured) is specified, so it is not possible to determine from the facts which, if any, held a lead role. No expected closing date or further timeline detail beyond the November 2024 filing date and pending-regulatory status is given.