Australia's Abacus Storage King gets $1.43 billion sweetened buyout bid

Storage King

13/07/2025 23:52

July 14 (Reuters) - Australia's Abacus Storage King ASK.AX said on Monday it received a sweetened non-binding offer from a consortium of Ki Corporation and U.S.-listed Public Storage PSA.N, valuing the firm at A$2.17 billion ($1.43 billion), up from a prior offer of A$1.93 billion.

($1 = 1.5223 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Sandra Maler)

 ((Roshan.Thomas@thomsonreuters.com;))