Public Storage will acquire National Storage Affiliates in an all-stock transaction valued at approximately $10.5 billion. NSA shareholders will receive 0.14 shares of PSA for each NSA share, implying $41.68 per NSA share. The deal consolidates scale in the self-storage sector and is likely to move the two companies' stocks and sector peers given the size and all-stock consideration.
Public Storage will acquire National Storage Affiliates in an all-stock transaction valued at approximately $10.5 billion. NSA shareholders will receive 0.14 shares of PSA for each NSA share, implying $41.68 per NSA share. The deal consolidates scale in the self-storage sector and is likely to move the two companies' stocks and sector peers given the size and all-stock consideration.
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