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Abacus Property Group ( (AU:ABG) ) has provided an update.
Abacus Property Group announced the withdrawal of a non-binding indicative proposal by Ki Corporation Limited and Public Storage to acquire all outstanding stapled securities in its subsidiary, Abacus Storage King. This development may impact the company’s strategic operations and market positioning, as Abacus holds a 19.77% interest in ASK and is committed to maximizing value for its securityholders.
The most recent analyst rating on (AU:ABG) stock is a Buy with a A$1.41 price target. To see the full list of analyst forecasts on Abacus Property Group stock, see the AU:ABG Stock Forecast page.
More about Abacus Property Group
Abacus Property Group is a company involved in property investment and management, with a focus on storage solutions through its subsidiary, Abacus Storage King (ASK). The company holds a significant interest in ASK and acts as its manager, operating within the real estate investment sector.
Average Trading Volume: 821,905
Technical Sentiment Signal: Buy
Current Market Cap: A$1.12B
See more insights into ABG stock on TipRanks’ Stock Analysis page.