BRIEF-Public Storage To Acquire National Storage Affiliates, Creating Significant Value For All Stakeholders

Reuters03-16
BRIEF-<a href="https://laohu8.com/S/PASDL">Public Storage</a> To Acquire National Storage Affiliates, Creating Significant Value For All Stakeholders

March 16 (Reuters) - Public Storage PSA.N:

  • PUBLIC STORAGE TO ACQUIRE NATIONAL STORAGE AFFILIATES, CREATING SIGNIFICANT VALUE FOR ALL STAKEHOLDERS

  • PUBLIC STORAGE: ALL-STOCK TRANSACTION WITH AN EXCHANGE RATIO OF 0.14, REPRESENTING AN IMPLIED OFFER PRICE OF $41.68 PER NSA SHARE

  • PUBLIC STORAGE - TO BUY NATIONAL STORAGE AFFILIATES IN $10.5 BILLION ENTERPRISE VALUE ALL-STOCK DEAL

  • PUBLIC STORAGE - DEAL UNANIMOUSLY APPROVED BY BOARDS, EXPECTED TO CLOSE IN Q3 2026

  • PUBLIC STORAGE - COMBINED COMPANY TO HAVE $57 BILLION EQUITY MARKET CAP AND $77 BILLION ENTERPRISE VALUE

  • PUBLIC STORAGE - CO AND NSA OP UNITHOLDERS TO FORM $3.3 BILLION JOINT VENTURE WITH 313 PROPERTIES

  • PUBLIC STORAGE - ARRANGES $4.0 BILLION COMMITTED FINANCING INCLUDING $2.0 BILLION CORPORATE BRIDGE LOAN

  • PUBLIC STORAGE - DEAL EXPECTED TO BE ACCRETIVE TO FFO PER SHARE WITHIN FIRST YEAR

Source text: ID:nBw1LQlqwa

Further company coverage: NSA.N

((((Reuters.Briefs@thomsonreuters.com;));))

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