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Public Storage shares rise 1.60% after-hours after Ki Corporation and Public Storage offer to acquire Abacus Storage King.
ByAinvest
Monday, Apr 7, 2025 6:42 pm ET1min read
Public Storage rose 1.60% in after-hours trading, with the company and Ki Corporation offering a premium to acquire all outstanding stapled securities of Abacus Storage King, valuing the firm at A$1.93 billion. The offer represents a 26.7% premium to Abacus' closing share price, indicating a bullish sentiment towards the acquisition.
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