Reported 8 months ago
Blackstone Inc. and two competitors are vying to acquire Mexican industrial real estate investment trust TF Administradora Industrial, raising their offers following Mexico's election results. Blackstone and MRP Group raised their cash tender offer, and Prologis Property Mexico increased its offer in shares. This bidding war comes amidst a surge in interest for Mexican industrial real estate, with more companies seeking space for export to the US, fueled by the 'nearshoring' trend.
Source: YAHOO