April 3 (Reuters) - Extra Space Storage Inc:
* EXTRA SPACE STORAGE & LIFE STORAGE COMBINE TO FORM THE PREEMINENT STORAGE OPERATOR
* EXTRA SPACE STORAGE INC - PROPOSED DEAL FOR APPROXIMATELY $145.82 PER SHARE
* EXTRA SPACE STORAGE INC - UNDER TERMS OF AGREEMENT, LIFE STORAGE SHAREHOLDERS WILL RECEIVE 0.8950 OF AN EXTRA SPACE SHARE FOR EACH LIFE STORAGE SHARE THEY OWN
* EXTRA SPACE STORAGE - AT CLOSING, CO AND LIFE STORAGE SHAREHOLDERS ARE EXPECTED TO OWN APPROXIMATELY 65% AND 35% OF COMBINED COMPANY, RESPECTIVELY
* EXTRA SPACE STORAGE INC - RESPECTIVE BOARDS OF DIRECTORS OF BOTH EXTRA SPACE AND LIFE STORAGE HAVE UNANIMOUSLY APPROVED TRANSACTION
* EXTRA SPACE STORAGE INC - COMBINED COMPANY IS EXPECTED TO HAVE A PRO FORMA EQUITY MARKET CAPITALIZATION OF APPROXIMATELY $36 BILLION
* EXTRA SPACE STORAGE INC - COMBINED COMPANY IS EXPECTED TO HAVE TOTAL ENTERPRISE VALUE OF APPROXIMATELY $47 BILLION
* EXTRA SPACE STORAGE - DEAL TO INCREASE SIZE OF CO'S PORTFOLIO BY MORE THAN 50% BY STORE COUNT WITH ADDITION OF LIFE STORAGE'S 1,198 PROPERTIES
* EXTRA SPACE STORAGE INC - EXTRA SPACE WILL RETAIN ITS NAME AND CONTINUE TO TRADE ON NYSE UNDER TICKER "EXR"
* EXTRA SPACE STORAGE - DEAL EXPECTED TO GENERATE AT LEAST $100 MILLION IN ANNUAL RUN-RATE OPERATING SYNERGIES FROM G&A & PROPERTY OPERATING EXPENSE SAVINGS
* EXTRA SPACE STORAGE INC - DEAL EXPECTED TO BE ACCRETIVE TO CORE FFO PER SHARE WITHIN FIRST YEAR OF CLOSING AND BE LEVERAGE NEUTRAL
* EXTRA SPACE STORAGE INC - TRANSACTION IS EXPECTED TO GENERATE AT LEAST $100 MILLION IN ANNUAL RUN-RATE OPERATING SYNERGIES
* EXTRA SPACE STORAGE INC - KENNETH W. WOOLLEY WILL REMAIN CHAIRMAN OF BOARD AND JOSEPH D. MARGOLIS WILL REMAIN AS CEO AND DIRECTOR
* EXTRA SPACE STORAGE INC - EXTRA SPACE BOARD WILL BE EXPANDED FROM 10 TO 12 DIRECTORS
* EXTRA SPACE STORAGE INC - TRANSACTION IS CURRENTLY EXPECTED TO CLOSE IN SECOND HALF
* EXTRA SPACE STORAGE INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO CORE FFO PER SHARE WITHIN FIRST YEAR OF CLOSING AND BE LEVERAGE NEUTRAL
* EXTRA SPACE STORAGE INC - EXTRA SPACE BOARD WILL CONSIST OF NINE DIRECTORS FROM EXTRA SPACE'S BOARD AND THREE DIRECTORS FROM LIFE STORAGE
* EXTRA SPACE STORAGE INC - WILL ACQUIRE LIFE STORAGE IN AN ALL-STOCK TRANSACTION Source text for Eikon: Further company coverage: