Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why National Storage Affiliates Stock Soared Today

TheMotleyFool

0 0

Why National Storage Affiliates Stock Soared Today: https://g.foolcdn.com/editorial/images/860947/storage-moving-real-estate-1500x1000-6b42342.jpg

Shares of National Storage Affiliates (NYSE: NSA) surged on Monday after the real estate investment trust (REIT) struck a deal to be acquired by Public Storage (NYSE: PSA).

Image source: Getty Images.

Under the terms of the deal, Public Storage would purchase National Storage Affiliates for $10.5 billion, including debt. Investors would receive 0.14 of a share of Public Storage stock for every share of National Storage Affiliates they own. That equates to $41.68 per share, a premium of roughly 35%, based on the companies' closing prices on Friday.

Source Fool.com