ABACUS STORAGE KING ( (AU:ASK) ) has provided an update.
Abacus Storage King has received a non-binding indicative proposal from Ki Corporation Limited and Public Storage to acquire all outstanding securities not already held by Ki. The proposal, which includes a scheme of arrangement and trust scheme, offers A$1.47 per stapled security, subject to various conditions such as board approvals, regulatory clearances, and tax rulings. The proposal suggests a significant shift in ownership, with Public Storage expected to hold 50% of the securities post-implementation. An independent board committee is assessing the proposal, and securityholders are advised not to take any action yet.
More about ABACUS STORAGE KING
Abacus Storage King operates in the storage industry, providing storage solutions through its property trust and operations limited entities. The company is listed on the Australian Securities Exchange and focuses on managing and expanding its storage facilities.
YTD Price Performance: 3.11%
Average Trading Volume: 624,268
Technical Sentiment Signal: Buy
Current Market Cap: A$1.52B
For an in-depth examination of ASK stock, go to TipRanks’ Stock Analysis page.