BUZZ-Australia's Abacus Storage slips as Public Storage abandons $1.4 bln pursuit
Reuters2025-08-26
BUZZ-Australia's Abacus Storage slips as Public Storage abandons $1.4 bln pursuit** Abacus Storage King ASK.AX slips as much as 12% to A$1.36, lowest since April 7
** Stock set for worst intraday drop ever
** Self-storage firm says U.S.-based Public Storage-led PSA.N consortium withdrew A$2.17 bln ($1.41 bln) takeover offer for co
** Co did not disclose any reason behind withdrawal
** Around 2.2 mln shares traded vs 30-day avg of 746,538
** ASK gains 24.4% YTD
($1 = A$1.5389)
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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