Brief: Public Storage Proposes To Acquire Life Storage In All-Stock Transaction

Life Storage

05/02/2023 23:07

Feb 5 (Reuters) - Public Storage  PSA.N :
    * PUBLIC STORAGE PROPOSES TO ACQUIRE LIFE STORAGE IN
ALL-STOCK
TRANSACTION
    * PUBLIC STORAGE- PROPOSED EXCHANGE RATIO OF 0.4192
REPRESENTS 19%
VWAP PREMIUM; PROVIDES LIFE STORAGE SHAREHOLDERS WITH AN
IMMEDIATE EQUITY PREMIUM
    * PUBLIC STORAGE- PROPOSED TRANSACTION WOULD BE STRUCTURED
TO BE
TAXABLE TO LIFE STORAGE EQUITYHOLDERS

Source text for Eikon:  ID:nBw1BWc2pa 
Further company coverage:  PSA.N 
 ((Reuters.Briefs@thomsonreuters.com;))