Self-storage REITs Extra Space Storage and Life Storage have signed a merger agreement, under which Extra Space will acquire Life Storage for $12.7 billion.
Extra Space Storage Inc. (NYSE: EXR) watched its shares slide Monday on announcing the company and Life Storage, Inc. (NYSE: LSI) have entered into a definitive merger agreement by which Extra Space will acquire Life Storage in an all-stock transaction. .
Self-storage REITs Extra Space Storage and Life Storage have signed a merger agreement, under which Extra Space will acquire Life Storage for $12.7 billion.
Extra Space Storage (EXR) Confirms Deal to Acquire Life Storage (LSI) streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Extra Space Storage, Inc. (NYSE: EXR), a self-administered and self-managed Real Estate Investment Trust and member of the S&P 500, published.