Ki Corporation and Public Storage Withdraw Offer to Acquire Abacus Storage King
Summary
GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation and Public Storage (NYSE:PSA) (together, the “Consortium”) announced t...
GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation and Public Storage (NYSE:PSA) (together, the “Consortium”) announced today the withdrawal of their non-binding indicative offer to acquire Abacus Storage King (ASX:ASK) following a comprehensive due diligence period. “We appreciate Abacus Storage King's partnership through the due diligence processes,” said Joe Russell, Public Storage's Chief Executive Officer. “Following extensive review, we were unable to match their Independent Board Committe.