Shares of Extra Space Storage (EXR) are down $11.93 or about 7% at $151, while those of Life Storage (LSI) are up 1.5% or $1.91 at $132.92 in pre-market trading after the two companies agreed to an all-stock transaction with an enterprise value of approximately $47B.
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Published first on TheFly
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Read More on EXR:
- Extra Storage Down after Merger with Life Storage in Deal Worth $12.4 Billion
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