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ABACUS STORAGE KING ( (AU:ASK) ) has provided an announcement.
Abacus Storage King has rejected a non-binding indicative proposal from Ki Corporation Limited and Public Storage to acquire all outstanding stapled securities not held by Ki or its subsidiaries. The independent board committee determined that the proposal undervalues the company’s securities and introduces additional risks due to tax conditions. The board remains committed to maximizing shareholder value and will consider future proposals that align with this objective.
The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.28 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.
More about ABACUS STORAGE KING
Abacus Storage King operates in the storage industry, focusing on managing and developing storage properties. The company provides storage solutions and is listed on the Australian Securities Exchange (ASX:ASK).
Average Trading Volume: 2,427,829
Technical Sentiment Signal: Buy
Current Market Cap: A$1.98B
Find detailed analytics on ASK stock on TipRanks’ Stock Analysis page.