Public Storage in its joint proposal with Ki Corporation to acquire Abacus Storage King at an A$3.0 billion enterprise value

On April 6, 2025, Public Storage (NYSE: PSA), and Ki Corporation announced the submittal of a non-binding indicative offer (NBIO) to acquire all of the outstanding stapled securities of Abacus Storage King (ASX: ASK) that are not already held by Ki or its subsidiaries for A$1.47 per stapled security.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Public Storage.