Abacus Storage King Rejects $1.47 Takeover Bid, Cites Undervaluation and Risks.

Tue 13 May 25, 01:07 AM | Team Kalkine

Image source: Shutterstock

Highlights

Abacus Storage King rebuffs $1.47 per share offer from Ki Corporation and Public Storage, calling it undervalued.

Independent review pegs company value at $1.73 per share, strengthening Abacus's rejection stance.

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