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Abacus Storage King Opens Door to Consortium Takeover Bid

8:38am on Monday 21st of July, 2025 AEST Real Estate Investment Trusts
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Abacus Storage King Opens Door to Consortium Takeover Bid

8:38am on Monday 21st of July, 2025 AEST
Key Points
  • Revised non-binding acquisition proposal from Ki Corporation and Public Storage consortium
  • Six-week due diligence period granted by Abacus Storage King's independent board committee
  • Proposal involves scheme of arrangement for stapled securities in ASK
  • No certainty of agreement or implementation at this stage
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