Public Storage - 8-K Filing
Public Storage agreed to acquire Public Storage Canada for $1.2 billion, consisting of approximately $889 million in common units and $310 million in cash. The transaction includes potential earn-out consideration worth up to an additional $288 million in units contingent on performance targets. This acquisition expands the company's presence into major Canadian markets with a portfolio of 68 properties totaling 5.3M square feet. (Items: 3.02 Unregistered Sales of Equity Securities, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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