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Abacus Storage King Opens Door to Consortium Takeover Bid
8:38am on Monday 21st of July, 2025 AEST
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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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Abacus Storage King (ASX:ASK)
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