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0.000501002004008094 0.00100200400801601 0 -0.0015030060120241 0.0047595190380761 0.00450901803607214 0.0077655310621243 0.0152805611222445
Stock impact report

Public Storage to acquire National Storage Affiliates in $10.5B deal [Yahoo! Finance]

National Storage Affiliates Trust Common Shares of Beneficial Interest (NSA) 
Last national storage affiliates trust common shares of beneficial interest earnings: 2/24 05:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.nationalstorageaffiliates.com
Company Research Source: Yahoo! Finance
Public Storage (NYSE:PSA) announced that it will acquire National Storage Affiliates (NYSE: NSA) in an all-stock transaction valued at approximately $10.5 billion. Under the agreement, NSA shareholders will receive 0.14 shares of PSA stock for each NSA share, implying a price of $41.68 per share. NSA shares rose nearly 28% to just under $40 following the announcement, while Public Storage shares fell 3.6% to $284. The acquisition will combine more than 1,000 properties, 69 million rentable square feet, and 550,000 units across 37 states and Puerto Rico. The combined company would have a pro forma equity market capitalization of approximately $57 billion and a total enterprise value of roughly $77 billion. As part of the deal, Public Storage and NSA's operating partnership unitholders will form a joint venture including 313 properties, representing nearly 20 million rentable square feet across 28 states and Puerto Rico. NSA OP unitholders are expected to own 80% of the joint v Show less Read more
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