Shurgard Self Storage Ltd., the European affiliate of U.S.-based real estate investment trust (REIT) Public Storage Inc., has acquired Lok'nStore Group in an all-cash deal for £378 million.
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Lok n Store Group PLC on Thursday accepted a takeover approach from Shurgard Self Storage Ltd that values the business at GBP378 million.
The cash bid is worth 1,110 pence per Lok n Store share, a.