InStorage

StorageMart varies and extends its offer for InStorage

by creitadmin on November 24, 2008

The hostile takeover attempt of InStorage REIT by StorageMart, a subsidiary of TKG StorageMart partners, takes one more step with the offer being varied and extended. Read the full article on this continuing saga at RTTNews

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InStorage REIT Defends Against Hostile takeover and explains Position

by creitadmin on November 20, 2008

InStorage REIT continues to advise its unitholders against accepting offers that will allow Canadian Storage Partners to successfully take over the company. Find the full article on MarketWatch.

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InStorage REIT formally rejects hostile takeover bid

November 7, 2008

InStorage REIT has been under hostile takeover attemps since October 16, 2008.  The board of InStorage recommened Monday that StorageMart’s bid of $3.75 per unit be formally rejected stating it was “much too low.”  The press release is available on The Canadian Press. 

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InStorage REIT still experiencing attempted takeover woes

November 6, 2008

InStorage REIT is still experiencing unwanted takeover bids.  They have received a hostile offer from Canadian Storage partners.  Read more about their recent takeover woes at ISS Inside Self-Storage.   However,  Conundrum Capital Corporation has also announced that they have purchased 30,200 units of InStorage REIT bringing their total up to 1,197,800 units that they have [...]

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Unsolicited offer for InStorage REIT

October 24, 2008

Inside Self Storage magazine reports on the Storage Mart unsolicited offer for InStorage.  Read the article.

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InStorage REIT’s stock responds to takeover bid

October 21, 2008

InStorage Real Estate Investment Trust (TXC:IS.UN) shows that their strength can hold up to a takeover bid from TKG-Storagemart.  Their stock closed on Thursday at $3.50. Read the Canadian Press article. 

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Bidding War Expected in In-Storage REIT Takeover

October 17, 2008

Canada’s largest self-storage unit company is experiencing a takeover bid by it’s larger, US rival, Storage-Mart.  There are many different, and often opposing, perspectives on how this predatory move will end up. Many views: Andrew Willis at the Globe and Mail says, in his article, that he expects a lower price for this takeover.   He [...]

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InStorage REIT reports a larger than expected second quarter net loss

September 23, 2008

InStorage Real Estate Investment Trust, a Toronto-based trust that owns self-storage operations across Canada, widened its second-quarter net loss as the company faced higher interest costs and other expenses. Read the full story at: http://canadianpress.google.com/article/ALeqM5jsiR_zD6w8VQYWNtyyN5llHwpPHg

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