At the end of Wednesday trading, Blackstone Group's stock price rose 0.5%. The group has just completed a major $4 billion layout — a move that could reshape America's electricity network. The group announced that it will acquire retailer Retail Opportunity Investments Corp on an all-cash basis, with a transaction amount of approximately US$4 billion, including the debt portion. Under the acquisition agreement, Blackstone Real Estate Partners X will acquire ROIC's common shares at a price of $17.50 per share.

At the end of Wednesday trading, Blackstone Group's stock price rose 0.5%. The group has just completed a major $4 billion layout — a move that could reshape America's electricity network. The group announced that it will acquire retailer Retail Opportunity Investments Corp on an all-cash basis, with a transaction amount of approximately US$4 billion, including the debt portion. Under the acquisition agreement, Blackstone Real Estate Partners X will acquire ROIC's common shares at a price of $17.50 per share.