Australia's Abacus Storage King gets $1.2 billion takeover proposal

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Australia's Abacus Storage King gets $1.2 billion takeover proposal

, Reuters - 6:51 PM ET 4/6/2025 default

April 7 (Reuters) - Australia's Abacus Storage King ( ABSKF ) said on Monday that it had received an unsolicited takeover offer from a consortium consisting of Ki Corporation and Public Storage ( PSA ), valuing the target at A$1.93 billion ($1.16 billion). ($1 = 1.6669 Australian dollars) (Reporting by Sneha Kumar in Bengaluru Editing by Nick Zieminski)

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