Australia's Abacus Storage King opens books for $1.41 billion takeover bid
The consortium earlier in this month raised its bid to A$1.65 per share for the Australian self-storage firm.
Abacus Storage in May rejected the group's earlier offer, citing risks surrounding valuation, timing and deal completion.
Businessman Nathan Kirsh's family office Ki Corp directly and indirectly controls 59.39% of Abacus Storage. If a deal goes through, Ki Corp and Public Storage would own 50% each in the firm.
At present there is no certainty that the parties will be able to agree terms to implement the revised proposal, Abacus Storage King said.
($1 = 1.5375 Australian dollars)
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The Guardian
2 hours ago
- The Guardian
Australia and UK sign 50-year defence treaty despite US wavering on Aukus submarine deal
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Reuters
6 hours ago
- Reuters
Britain, Australia to deepen AUKUS commitment, economic ties
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Powys County Times
8 hours ago
- Powys County Times
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