Tritax confirmed in a filing that its cash-and-share proposal, initially worth 114.2p per share when launched in June, had slipped to around 106p due to recent market declines. This fell short of Blackstone’s board-backed bid of 115p per share, which included a dividend paid in July.

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Ames Watson has agreed to acquire Claire’s North America operations in a $140m deal, pausing the retailer’s planned liquidation and store closures, according to a report by Retail Dive.

The agreement, disclosed in U.S. court filings, consists of $104m in cash and a $36m seller note, along with the assumption of certain liabilities, including rent and wages for employees. The private equity firm will acquire at least 795 stores, with the potential to expand its ownership to 950 locations.