After announcing merger plans in April, Utah-based Extra Space Storage completed the largest business acquisition ever by a Utah company, merging with its rival, New York-based Life Storage, in an approximately $12-billion transaction.
Utah-based self-storage giant Extra Space Storage completed the largest business acquisition ever by a Utah company Thursday, merging with its rival, New York-based Life Storage, in an approximately $12-billion transaction.
"We're growing our portfolio by 50% in one day. It's very exciting," Noah Springer, Extra Space Storage's chief strategy officer, said in a prepared statement. "We couldn't have done it without the hard work of our dedicated team. It's amazing what the team here in Salt Lake City combined with the new team members in Buffalo have been able to accomplish already. I am looking forward to seeing what we accomplish together moving forward.
Under the terms of the agreement, Life Storage shareholders will receive 0.8950 of an Extra Space share for each Life Storage share they own, representing a total consideration of approximately $145.82 per share, based on Extra Space's share price close on March 31. Even before acquiring Life Storage, Extra Space Storage was the largest publicly traded company in Utah by market cap. Now, it has cemented that space, with a new market cap of approximately $34 billion dollars.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Utah Jazz logo marks Utah Air National Guard aircraftPeople around the world will see the Utah Jazz logo on the side of a KC-135 aircraft thanks to a collaboration between the Utah Air National Guard and the state's NBA team.
Leer más »
1st Barbie dolls to fly into space make their debut at Smithsonian Air and Space MuseumRobert Pearlman is a space historian, journalist and the founder and editor of collectSPACE.com, an online publication and community devoted to space history with a particular focus on how and where space exploration intersects with pop culture. Pearlman is also a contributing writer for Space.com and co-author of 'Space Stations: The Art, Science, and Reality of Working in Space” published by Smithsonian Books in 2018. He previously developed online content for the National Space Society and Apollo 11 moonwalker Buzz Aldrin, helped establish the space tourism company Space Adventures and currently serves on the History Committee of the American Astronautical Society, the advisory committee for The Mars Generation and leadership board of For All Moonkind. In 2009, he was inducted into the U.S. Space Camp Hall of Fame in Huntsville, Alabama. In 2021, he was honored by the American Astronautical Society with the Ordway Award for Sustained Excellence in Spaceflight History.
Leer más »
Extra Extra: Sen. Chuck Schumer wants us to see UFO documentsBecause all of our neighborhoods are expensive, here are your afternoon links: cruise lines make bid for young travelers, VanMoof is bankrupt, a TikTok scammer and more from around the city and internet.
Leer más »
Extra Extra: Stalking, but make it cuteA boat hit the Brooklyn Bridge this morning, so here are your evening links: — This weekend is the city's last ever Bodypainting Day. — The cheapest NYC apartment for sale is $80,000. — The Mets must answer for the 'Sox and the Citi' graphic. + more!
Leer más »
Memory vs. storage: What to know when buying a new smartphoneRemembering the differences between these two common tech terms will help you when you invest in shiny new devices.
Leer más »
Vietnam approves $31.7 bln plan to expand fuel storage capacity by 2030Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to 750 trillion dong ($31.7 billion).
Leer más »