Extra Space And Life Storage Stockholders Approve Merger
Portfolio Pulse from Benzinga Newsdesk
Extra Space and Life Storage stockholders have overwhelmingly approved the merger between the two companies. More than 99.9% of Extra Space votes and 99.7% of Life Storage votes were in favor of the merger. Upon completion, Life Storage stockholders will receive 0.895 of a newly-issued share of Extra Space common stock for each share of Life Storage common stock they own. The transaction is expected to close on July 20, 2023.
July 18, 2023 | 8:22 pm
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Extra Space stockholders have approved the merger with Life Storage. The transaction is expected to close on July 20, 2023.
The approval of the merger by Extra Space stockholders is a positive development for the company. This could potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Life Storage stockholders have approved the merger with Extra Space. Upon completion, they will receive 0.895 of a newly-issued share of Extra Space common stock for each share of Life Storage common stock they own.
The approval of the merger by Life Storage stockholders is a positive development for the company. This could potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100