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Public Storage offers to acquire rival Life Storage for $11B (update)

Feb. 06, 2023 6:51 AM ETPublic Storage (PSA), LSIBy: Joshua Fineman, SA News Editor17 Comments

Public Storage Facility In Millbrae, California

DNY59/iStock Unreleased via Getty Images

Update 6:50am: Adds premarket trading.

Public Storage (NYSE:PSA) made an unsolicited offer to buy rival Life Storage (NYSE:LSI) for $11 billion in an all stock deal. Life Storage rose 10%

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