National Storage Affiliates-Public Storage deal set to close July 22 - NSA News | RalliesNational Storage Affiliates-Public Storage deal set to close July 22
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NSA• Public Storage acquisition set to close July 22
- Public Storage is set to acquire National Storage Affiliates in an all-stock deal expected to close on July 22, 2026.
- Each National Storage share will be exchanged for 0.14 Public Storage shares, leading to National Storage’s delisting from the NYSE.
- In Brazil, B3’s depositary plans to sell the Public Storage shares received for the BDR program, paying eligible holders in cash.
- The preliminary cash value is BRL 55.61 per BDR, based on a 1:4 underlying share-to-BDR ratio and a July 10 FX rate of 5.11.
- Trading in the BDRs is expected to be suspended on July 21, with a July 20 eligible date tied to the corporate action.
