Big Yellow stock soars on Blackstone takeover talks

[Blackstone hedge fund.]
Roman Tiraspolsky/iStock Editorial via Getty Images

* Blackstone (NYSE:BX [https://seekingalpha.com/symbol/BX]) is reportedly considering a bid for UK storage company Big Yellow Group (OTCPK:BYLOF [https://seekingalpha.com/symbol/BYLOF]), whose shares surged over 18% in London.
* The alternative asset manager is in the preliminary stages of considering a cash offer for the company, Bloomberg News reported, citing a statement on Monday.
* The impact of the upcoming UK budget and wider macroeconomic environment forms part of New York-based Blackstone’s considerations, it said.
* Blackstone (NYSE:BX [https://seekingalpha.com/symbol/BX]) +2.0% premarket.

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