Big Yellow Extends Blackstone Bid Deadline to December 8

Posted by MSM on Nov 10, 2025 3:54:34 PM

Big Yellow Group PLC has agreed to extend the deadline for Blackstone Europe LLP to announce whether it intends to make a formal takeover offer for the UK self-storage operator. The new “put-up-or-shut-up” date is now December 8, pushed back from the original deadline of yesterday. The revised timeline places the decision after the UK government’s Budget announcement on November 26, which is expected to include tax increases aimed at reducing the fiscal deficit.

 

Big Yellow says Blackstone remains at a “preliminary stage” of assessing a possible offer. The investment firm is weighing several factors, including the macro-economic climate and how the upcoming Budget may impact the self-storage sector.

 

Shares of Big Yellow were up 0.2% on Monday at 1,122.72 pence, giving the company a market value of approximately £2.22 billion. The stock remains down 7.4% over the past 12 months.

 

 

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As Blackstone nears a deal valued at approximately £1bn to sell its logistics assets to real estate investor Tritax Big Box, it has revealed that it is considering submitting a bid to acquire Big Yellow Group, the U.K.’s largest self-storage company.

 

Headquartered in Bagshot, Surrey, Big Yellow confirmed on Oct. 14, 2025, that it had “held meetings with a small number of parties in relation to a range of potential options, including a potential sale of the company.”

 

Regarding its potential offer, a statement from Blackstone stated, “Blackstone Funds’ evaluation of Big Yellow is at a preliminary stage. Blackstone is considering, amongst other factors, the macro-economic environment including the potential impact of the upcoming U.K. budget as it relates to the self-storage sector. Accordingly, there can be no certainty that any offer for the company will be made nor as to the terms of any such offer. A further announcement will be made as appropriate.”

 

Blackstone must either announce a firm intention to make an offer to Big Yellow or decline to pursue a bid by the evening of Nov. 10, 2025.