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InsideArbitrage Potential Deal Alert: Etude Storage Partners Proposes to Acquire Global Self Storage (SELF) for $6.15 Per Share in Cash

  • May 7, 2024

POTENTIAL DEAL DETAILS

StockGlobal Self Storage IncSymbolSELF
Date Announced05/07/2024Source Press Release
TypeUnsolicited BidAcquiring Company/Person Etude Storage Partners

Etude Storage Partners, an investment firm focused on self-storage, in a letter to Global Self Storage’s (SELF) board, has proposed an all-cash acquisition of the company for $6.15 per share.

In the letter, Etude Storage Partners also mentions that they had previously submitted two separate proposals to acquire the company at $5.52 per share in cash, on February 15, 2024, and $6.05 per share in cash on April 5, 2024. However, the Board of Directors of the company had summarily rejected both of these bona fide acquisition proposals and has refused to engage with them.

Global Self Storage Investor Relations

 

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.