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 TipRanks' Smart Investor Picks, delivered to your inbox every week.
ABACUS STORAGE KING ( (AU:ASK) ) has shared an update.
Abacus Storage King has received a revised non-binding indicative proposal from a consortium led by Ki Corporation Limited and Public Storage to acquire all outstanding stapled securities not already held by Ki. The proposal offers A$1.65 per stapled security, marking a 15% increase from the initial offer. The proposal is subject to regulatory approvals and tax rulings, and the company’s independent board committee is allowing a six-week due diligence period to potentially develop a binding proposal. However, there is no certainty that the terms will be agreed upon or that conditions will be met, so securityholders are advised to take no action at this time.
The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.28 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.
More about ABACUS STORAGE KING
Abacus Storage King operates in the storage industry, providing storage solutions and managing storage properties. The company is focused on expanding its market presence and enhancing its service offerings.
Average Trading Volume: 2,031,545
Technical Sentiment Signal: Buy
Current Market Cap: A$1.94B
For detailed information about ASK stock, go to TipRanks’ Stock Analysis page.