PS Business Parks in its $7.6 billion acquisition by Blackstone

On April 25, 2022, PS Business Parks, Inc. and Blackstone announced that they have entered into a definitive agreement under which affiliates of Blackstone Real Estate will acquire all outstanding shares of common stock of PSB for $187.50 per share in an all-cash transaction valued at $7.6 billion.  Wachtell, Lipton, Rosen & Katz served as legal advisor to PSB.