Public Storage to Acquire National Storage in $10.5 Billion Stock Transaction

America’s biggest public storage company is about to get even bigger

America’s leading public storage provider, Public Storage (NYSE: PSA), has announced plans to acquire one of its main competitors, National Storage Affiliates Trust (NYSE: NSA), further solidifying its position as the dominant storage provider in the country. Here’s what you need to know about the proposed merger, and how the news is affecting the companies’ stock prices. What’s happened? Yesterday, Public Storage announced plans to acquire one …

Public Storage makes splash with $10.5 billion deal

Just weeks after announcing plans to move its headquarters to Frisco, Public Storage made another splash by announcing a $10.5 billion deal to acquire National Storage Affiliates. Read on to learn more about how the deal fits into Public Storage's aggressive growth plans.

$10.5 billion deal would create a self-storage giant

A proposed megadeal in the self-storage business would create a $57 billion company overseeing square footage, if it were combined in a single location, of a small city such as Cupertino, California, or Chapel Hill, North Carolina.

Why Is National Storage Stock Skyrocketing Monday? - National Storage (NYSE:NSA), Public Storage (NYSE:PSA)

Public Storage (NYSE:PSA) announced Monday it has agreed to acquire National Storage Affiliates (NYSE:NSA) in an all-stock transaction valued at ~$10.5 billion in enterprise value, marking the first value-creation milestone under PSA’s PS4.0 strategic plan. Incoming CEO Tom Boyle framed the deal as an opportunity to drive accelerated per-share earnings and cash flow growth “as our industry emerges from the bottom of the self storage operating cy…

Public Storage Strikes $10.5 Billion Deal for National Storage

Public Storage Says It Will Buy National Storage Affiliates

Public Storage said March 16 that it will buy National Storage Affiliates in an all-stock deal worth about $10.5 billion, creating a company with 327 million square feet of storage at 4,600 locations.