It makes sense for ABP - their other assets are under pressure and they see storage as a growth segment... I don't think it will be a cash takeover offer though.... NSR market cap $1.9B vs ABP $1.7B (IBP holds 8% of NSR)....ABP would need to raise a lot of money for a takeover
NSR is trading at a reasonable premium to its NTA so the market is certainly expecting some corporate activity - I personally want to see a clean cash takeover from Public Storage.
Takeover thoughts, page-5
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Last
$2.38 |
Change
-0.020(0.83%) |
Mkt cap ! $3.261B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.40 | $2.36 | $4.141M | 1.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14786 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 71013 | 6 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| NSR (ASX) Chart |