BUZZ-Public Storage falls after deal to acquire National Storage Affiliates

Reuters03-16
BUZZ-<a href="https://laohu8.com/S/PASDL">Public Storage</a> falls after deal to acquire National Storage Affiliates

** Shares of self-storage facilities operator Public Storage PSA.N down 2.6% at $290 premarket

** Co to acquire National Storage Affiliates NSA.N in an all-stock transaction valued at an enterprise value of ~$10.5 billion

** NSA shares rise 22.2% to $37.8 in premarket trading

** NSA's shareholders will receive 0.14 shares of $Public Storage(PSA-N)$ common stock for each share they own, valuing the deal at ~$41.68 per share

** Co says deal is expected to close in the third quarter of 2026

** As of last close, PSA rose 14.7% and NSA up 9.7% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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