takeover

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 formally rejects hostile takeover bid

by creitadmin on 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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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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