Latest news with #JoeRussell
Business Insider
14-07-2025
- Business
- Business Insider
Public Storage, Ki Corporation revised NBIO to acquire Abacus Storage
Ki Corporation and Public Storage (PSA) announced a revised non-binding indicative offer, NBIO, to acquire Abacus Storage King for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. 'We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Corporation,' said Joe Russell, Public Storage's Chief Executive Officer. 'Public Storage has proven success internationally, and we are excited by the prospect of sharing our expertise and wide-ranging competitive advantages with Abacus Storage King in the rapidly growing Australian self-storage market. We are confident this transaction would be a compelling outcome for Abacus Storage King and Public Storage's stakeholders.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week.
Business Wire
13-07-2025
- Business
- Business Wire
Ki Corporation and Public Storage Update Offer to Acquire Abacus Storage King
GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation and Public Storage (NYSE:PSA) (together, the 'Consortium') announced today a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. 'We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Corporation,' said Joe Russell, Public Storage's Chief Executive Officer. 'Public Storage has proven success internationally, and we are excited by the prospect of sharing our expertise and wide-ranging competitive advantages with Abacus Storage King in the rapidly growing Australian self-storage market. We are confident this transaction would be a compelling outcome for Abacus Storage King and Public Storage's stakeholders.' The revised NBIO is non-binding and subject to several conditions, including due diligence. Ki Corporation and Public Storage's discussions with Abacus Storage King are preliminary in nature and any transaction would be subject to processes for acquisition of widely held entities under Australian law, including securityholder approval. There is no assurance the parties will reach a definitive agreement or consummate a transaction or that if such an agreement is reached, it will be on terms similar to those set forth herein. Public Storage does not intend to provide additional or ongoing disclosure regarding these discussions prior to any execution of a definitive agreement and expressly disclaims any obligation to update this information, except as required by law. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2025, we: (i) owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 318 self-storage facilities located in seven Western European nations with approximately 18 million net rentable square feet operated under the Shurgard® brand. Our headquarters are located in Glendale, California. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release, other than statements of historical fact, are forward-looking statements which may be identified by the use of the words 'expects,' 'believes,' 'intends,' 'anticipates,' 'should,' 'would,' 'opportunity,' 'proposed,' 'potential,' 'estimates' and similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause actual events to be materially different from those expressed or implied in the forward-looking statements. Risks and uncertainties that may impact future results and performance include, but are not limited to, those described in Part 1, Item 1A, 'Risk Factors' in Public Storage's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the 'SEC') on February 24, 2025 and in its other filings with the SEC. These forward-looking statements speak only as of the date of this press release or as of the dates indicated in the statements.
Perth Now
24-04-2025
- Entertainment
- Perth Now
Pub breaks out food and fiddles for Anzac Day festival
Anzac Day often involves a game of two-up at the pub or RSL but in one regional town, the local inn showcases folk musicians from across the country. The Settlers Arms Inn, a two-hour drive from Sydney, attracts thousands of music lovers for the St Albans Folk Festival. Artists will take the stage in a marquee behind the 189-year-old pub from first to last drinks over the three-day weekend, with local produce also on show. The volunteer-run event started more than 40 years ago when musicians who played at the Arms decided to create a festival. "Every local wants to help: the road workers drop their barriers for cars, people mow the lawns, and the firefighters help put up the marquees and stages," festival director Joe Russell told AAP. "People thought, 'let's make playing music a bit of a festival'. "It's convenient and there's a lack of conflict with other commitments (festivals) for artists." The 500 musicians alone quadruple the small town's population as folkies play across five music venues, including at the local fire station. New pub boss Anthony McAuliffe will be at the festival for the first time since he was a child. "There are a lot of people singing and dancing in groups all across town. Everyone knows it and it's good for business," he told AAP. With the Anzac Day public holiday butting up against a weekend, publicans across the country are expecting a busy time. Former cocktail bar manager Lucy Hadfield said Anzac Day was typically as busy as a Saturday night. "People would go to the pub across the road and then would come to us for happy hour," she told AAP. "It's just a really nice day. "Anzac Day is an earlier night, because people go out earlier. "If you're closer to a pub, then you always staff more, because people stay at it or go to a local bar across the road." Punters in Australia's most populous state looking for a feed may also gravitate towards their local establishment more than usual this Anzac Day. Shops previously required to remain closed until 1pm in NSW will now need to remain closed for the entire day under new bans.
West Australian
24-04-2025
- Entertainment
- West Australian
Pub breaks out food and fiddles for Anzac Day festival
Anzac Day often involves a game of two-up at the pub or RSL but in one regional town, the local inn showcases folk musicians from across the country. The Settlers Arms Inn, a two-hour drive from Sydney, attracts thousands of music lovers for the St Albans Folk Festival. Artists will take the stage in a marquee behind the 189-year-old pub from first to last drinks over the three-day weekend, with local produce also on show. The volunteer-run event started more than 40 years ago when musicians who played at the Arms decided to create a festival. "Every local wants to help: the road workers drop their barriers for cars, people mow the lawns, and the firefighters help put up the marquees and stages," festival director Joe Russell told AAP. "People thought, 'let's make playing music a bit of a festival'. "It's convenient and there's a lack of conflict with other commitments (festivals) for artists." The 500 musicians alone quadruple the small town's population as folkies play across five music venues, including at the local fire station. New pub boss Anthony McAuliffe will be at the festival for the first time since he was a child. "There are a lot of people singing and dancing in groups all across town. Everyone knows it and it's good for business," he told AAP. With the Anzac Day public holiday butting up against a weekend, publicans across the country are expecting a busy time. Former cocktail bar manager Lucy Hadfield said Anzac Day was typically as busy as a Saturday night. "People would go to the pub across the road and then would come to us for happy hour," she told AAP. "It's just a really nice day. "Anzac Day is an earlier night, because people go out earlier. "If you're closer to a pub, then you always staff more, because people stay at it or go to a local bar across the road." Punters in Australia's most populous state looking for a feed may also gravitate towards their local establishment more than usual this Anzac Day. Shops previously required to remain closed until 1pm in NSW will now need to remain closed for the entire day under new bans.
