Big Yellow Group terminates deal talks with Blackstone
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Big Yellow Group has terminated discussions with Blackstone regarding a potential deal, citing no basis for continuing talks. This decision follows Blackstone's indication of a possible offer and valuation level. Blackstone had previously considered a cash offer for Big Yellow, but recent reports suggested it might abandon the bid. Big Yellow has informed Blackstone it won't extend the deadline for a firm offer. Blackstone has not commented on the matter.
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