National Storage REIT Receives Takeover Proposal

  • Jan 23, 2020 AEDT
  • Team Kalkine

National Storage REIT (ASX: NSR) has received a confidential nonbinding indicative proposal from Gaw Capital Partners to acquire 100% of the issued capital.

  • Negotiations are at preliminary stage and depends on many conditions;
  • There is no certainty that the discussions will lead to a final recommended offer;
  • The company has appointed P. Morgan as its financial advisor and Allens as its legal advisor.

At AEDT 01:14PM, the stock was trading at $2.180 per share, up by 5.825% from its previous close.

 

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