Blackstone Real Estate And MRP Group Announce That A Mexican Trust Formed By Their Affiliates Has Increased The Price Of Its Tender Offer For Up To 100% Of The Outstanding Real Estate Trust Certificates Of Terrafina

6/18/24 9:31:35 AM ET

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Only announced all-cash offer to date, providing substantial, immediate and certain value to Terrafina shareholders

Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA) by Ps.1.00 per certificate to a purchase price of Ps.39.50 per certificate.

The all-cash tender offer represents a premium of 24% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and an 8% premium to Terrafina's closing share price on June 7, 2024.

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Company	Date	Price Target	Rating	Analyst
Blackstone Inc. $BX	10/9/2024	$149.00	Overweight → Neutral	Piper Sandler
Blackstone Inc. $BX	9/12/2024	$163.00	Overweight	Wells Fargo
Blackstone Inc. $BX	8/27/2024	$134.00	Neutral	Redburn Atlantic
Blackstone Mortgage Trust Inc. $BXMT	7/19/2024	$23.00	Buy	BTIG Research
Blackstone Mortgage Trust Inc. $BXMT	6/25/2024		Peer Perform	Wolfe Research
Blackstone Inc. $BX	4/2/2024	$140.00 → $135.00	Buy → Neutral	UBS
Blackstone Mortgage Trust Inc. $BXMT	3/4/2024	$22.00 → $21.00	Buy → Neutral	BofA Securities
Blackstone Inc. $BX	1/19/2024	$116.00 → $124.00	Buy → Neutral	Citigroup

Blackstone Real Estate And MRP Group Announce That A Mexican Trust Formed By Their Affiliates Has Increased The Price Of Its Tender Offer For Up To 100% Of The Outstanding Real Estate Trust Certificates Of Terrafina

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