Public Storage OP units priced $375; up to $288M earn-out
Public Storage deal includes up to $288M earn-out consideration for sellers. OP units are priced at $375 per unit, contingent on performance targets.
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Public Storage Acquires
Agreement to acquire Public Storage Canada in a transaction valued at approximately $1.2B USD ($1.67B CAD). - - Consideration at closing: about $889M in Public Storage OP units (2.76M OPUs at $321.98 per unit) and about $310M cash, subject to purchase price adjustments. - - Earn-out up to $288M in Public Storage OP uni