Australia's Abacus Storage King rejects $1.2 billion takeover bid

Storage King

13/05/2025 24:43

May 13 (Reuters) - Australia's Abacus Storage King ASK.AX said on Tuesday it had rejected an unsolicited takeover offer from a consortium of Ki Corporation and Public Storage PSA.N, which valued the firm at A$1.93 billion ($1.23 billion).

($1 = 1.5686 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Rashmi Aich)

 ((Adwitiya.Srivastava@thomsonreuters.com;))