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Stock impact report

Global Self Storage Comments on Unsolicited, Non-Binding, and Conditional Acquisition Proposal Received From Etude Storage Partners LLC [Yahoo! Finance]

Global Self Storage, Inc. (SELF) 
NASDAQ:AMEX Investor Relations: ir.globalselfstorage.us
Company Research Source: Yahoo! Finance
real estate investment trust that owns, operates, manages, acquires and redevelops self-storage properties, today commented on the unsolicited, non-binding, and conditional acquisition proposal that it received today from Etude Storage Partners LLC to acquire all of the outstanding shares of the Company for $6.15 per share in cash. The proposal announced by Etude today is the third unsolicited, non-binding, and conditional acquisition proposal that Etude has submitted to Global Self Storage within the past ninety days. The Global Self Storage Board of Directors (the "Board"), which consists of a majority of independent directors, unanimously determined, in consultation with its financial and legal advisors, that each of Etude's previous unsolicited, non-binding, and conditional acquisition proposals, initially at a price of $5.52, and then later at a price of $6.05, in cash per share of common stock, was inadequate and undervalued the Company's current and potential long-term value, Show less Read more
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