Brief: Lok'nstore Group Agrees To 1,110 Pence Apiece Cash Offer with Shurgard Self Storage

Lok'n Store

11/04/2024 07:14

April 11 (Reuters) - Lok'n Store Group PLC  LOK.L :
    * LOK'NSTORE GROUP SHURGARD SELF STRGE.  - RECOMMENDED CASH
ACQUISITION OF LOK’N STORE
    * LOK'N STORE GROUP PLC: PROPOSED DEAL FOR LOK'NSTORE SHARE:
1,110
PENCE IN CASH
    * LOK'N STORE GROUP PLC: PROPOSED DEAL FOR APPROXIMATELY
£378
MILLION
    * LOK'N STORE: POST-DEAL, SHURGARD SEES ACCRETION ON
ADJUSTED EPRA
EPS TO BE MID-SINGLE DIGIT DILUTIVE IN 2024
    * LOK'N STORE: POST-DEAL, SHURGARD SEES ACCRETION ON
ADJUSTED EPRA
EPS TO BE NEUTRAL IN 2025 AND ACCRETIVE FROM 2026 ONWARDS

Source text for Eikon:  ID:nRSK2456Ka 
Further company coverage:  LOK.L 

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