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Extra Space Storage

All articles tagged with #extra space storage

finance2 years ago•2 min saved

Market Movers: Tesla, Marathon Oil, WWE, and More

Tesla was the biggest loser on the S&P 500 index Monday, while Marathon Oil, ConocoPhillips, APA, Hess, and Halliburton were the biggest winners as oil-related names dominated the upside. Crude oil prices jumped 6.3% to $80.42 a barrel on Monday, following the surprise OPEC+ decision to cut production by 1.15 million barrels per day starting in May. Extra Space Storage reached a deal to buy Life Storage for $12.7 billion stock in a deal that will forge the largest U.S. storage company. Digital Realty Trust and Catalent saw declines, while First Solar was downgraded by Morgan Stanley.

via Investor's Business Daily|

#digital-realty-trust #extra-space-storage #finance

business2 years ago•0 min saved

Extra Space Storage Acquires Life Storage in $12.7 Billion Mega Deal.

Extra Space Storage has agreed to acquire Life Storage for $12.7 billion, creating the largest operator of storage space in the US by number of locations and challenging industry leader Public Storage. The deal is expected to generate at least $100 million in annual savings and improved property revenue.

via Barron's|

#business #extra-space-storage #industry-consolidation

business2 years ago•1 min saved

Extra Space Storage and Life Storage Merge in $12.7B Deal.

Extra Space Storage has agreed to merge with smaller rival Life Storage in a $12.7 billion deal, after Life Storage rejected a bid from Public Storage. Life Storage shareholders will receive 0.8950 of an Extra Space share for each share they own, or $145.82, which is more than 30% above Life Storage's stock price before Public Storage's unsolicited offer.

via The Wall Street Journal|

#business #extra-space-storage #life-storage