This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Shurgard Rejects Proposal From Public Storage

Posted in News

Shurgard Storage Centers Inc., a self-storage real estate investment trust in the United States and Europe, declined an unsolicited $2.5 billion takeover proposal submitted by Public Storage Inc. Public Storage offered to buy Shurgard through a fully taxable all-stock transaction, exchanging .8 shares of Public Storage common stock for each outstanding share of Shurgard stock. The Shurgard Board of Directors rejected the proposal unanimously, determining the combination of the companies on the suggested terms would not be in the best interest of the company’s shareholders. For more information, visit

comments powered by Disqus