{"id":781741,"date":"2022-04-26T08:01:38","date_gmt":"2022-04-26T06:01:38","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/public-storage-provides-update-in-relation-to-agreed-acquisition-of-ps-business-parks-by-affiliates-of-blackstone-real-estate\/"},"modified":"2023-07-10T20:58:13","modified_gmt":"2023-07-10T18:58:13","slug":"public-storage-provides-update-in-relation-to-agreed-acquisition-of-ps-business-parks-by-affiliates-of-blackstone-real-estate","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/public-storage-provides-update-in-relation-to-agreed-acquisition-of-ps-business-parks-by-affiliates-of-blackstone-real-estate\/","title":{"rendered":"Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real Estate"},"content":{"rendered":"GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (\u201cPublic Storage\u201d or the \u201cCompany\u201d) today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates of Blackstone Real Estate (\u201cBlackstone\u201d) of PS Business Parks, Inc. (NYSE:PSB) (\u201cPS Business Parks\u201d), which was announced today. Upon consummation of the transaction, Public Storage, like all holders of PS Business Parks\u2019 common shares and units, would receive $187.50 in cash per PS Business Parks common share or unit. Public Storage holds an approximate 41% common equity interest in PS Business Parks through approximately 7.2 million common shares and 7.3 million limited partnership units.\n\n\nPublic Storage expects to recei<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>GLENDALE, Calif.&#8211;(BUSINESS WIRE)&#8211;Public Storage (NYSE:PSA) (\u201cPublic Storage\u201d or the \u201cCompany\u201d) today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates of Blackstone Real Estate (\u201cBlackstone\u201d) of PS Business Parks, Inc. (NYSE:PSB) (\u201cPS Business Parks\u201d), which was announced today. Upon consummation of the transaction, Public Storage, like all holders [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-781741","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real Estate - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/public-storage-provides-update-in-relation-to-agreed-acquisition-of-ps-business-parks-by-affiliates-of-blackstone-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public Storage Provides Update in Relation to Agreed Acquisition of PS Business Parks by Affiliates of Blackstone Real Estate - BeBeez\" \/>\n<meta property=\"og:description\" content=\"GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (\u201cPublic Storage\u201d or the \u201cCompany\u201d) today provided certain updates as to the impact on Public Storage of the agreed acquisition by affiliates of Blackstone Real Estate (\u201cBlackstone\u201d) of PS Business Parks, Inc. 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