Australia's Abacus Storage King gets $1.2 billion takeover proposal

Storage King

06/04/2025 23:51

April 7 (Reuters) - Australia's Abacus Storage King ASK.AX said on Monday that it had received an unsolicited takeover offer from a consortium consisting of Ki Corporation and Public Storage PSA.N, valuing the target at A$1.93 billion ($1.16 billion).

($1 = 1.6669 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru
Editing by Nick Zieminski)

 ((Sneha.Kumar@thomsonreuters.com;))