Etude Storage Partners LLC cancelled the acquisition of an unknown majority stake in Global Self Storage, Inc..
May 20, 2024
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Etude Storage Partners LLC proposed to acquire an unknown majority stake in Global Self Storage, Inc. (NasdaqCM:SELF) on May 7, 2024. The purchase price equals to $6.15 per share in cash. The transaction is subject to (i) receipt of required Board and stockholder approvals; (ii) receipt of any required governmental and third-party approvals; (iii) satisfactory completion of due diligence; (iv) the Company?s continued maintenance of its current operations without any material and adverse changes; and (v) the execution of a definitive agreement containing terms and conditions customary for a transaction of this type and size. Olshan Frome Wolosky LLP acted as legal advisor to Etude Storage Partners LLC.
Etude Storage Partners LLC cancelled the acquisition of an unknown majority stake in Global Self Storage, Inc. (NasdaqCM:SELF) on May 21, 2024.
Global Self Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, and redevelops self-storage properties (stores or properties) in the United States. It operates primarily in one segment: rental operations. Its stores are designed to offer storage space for residential and commercial customers. In addition to traditional and climate-controlled units, many of the properties feature both covered and outside auto/RV/boat storage. The Company invests in stores by acquiring stores through its wholly owned subsidiaries. The Company owns and operates, or manages, through its wholly owned subsidiaries, in approximately 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma. The Companyâs properties totaled approximately 967336 net leasable square feet and offered 7,039 storage units.
GLOBAL SELF STORAGE, INC. 