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Ki Corporation and Public Storage Offer a Premium to Acquire Abacus Storage King

1. Public Storage and Ki submit offer to acquire Abacus Storage King. 2. Proposed price is A$1.47 per stapled security for ASK.

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FAQ

Why Bullish?

Acquiring more assets can enhance PSA’s market position and revenue streams. Historical examples show similar acquisitions boosting stock prices in self-storage sector.

How important is it?

An acquisition could significantly strengthen PSA's portfolio, appealing to investors focused on growth.

Why Long Term?

Successful acquisition may take time to reflect in financials, impacting long-term growth. Past acquisitions by PSA improved operational metrics over years.

Related Companies

ASKKi Corporation
GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation (“Ki”) and Public Storage (NYSE:PSA; the “Company”) (together, the “Consortium”) announced today the submittal of a non-binding indicative offer (NBIO) to acquire all of the outstanding stapled securities of Abacus Storage King (ASX:ASK) that are not already held by Ki or its subsidiaries (together, the “Ki Group”) for A$1.47 per stapled security. The Ki Group is currently ASK's major securityholder and each of Ki and Public Storage would have a.

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