Ki Corporation and Public Storage have made a revised non-binding offer to acquire Abacus Storage King for A$1.65 per stapled security. The Consortium and Abacus Storage King are proceeding with due diligence based on the new terms. However, any potential agreement is subject to Australian law processes and securityholder approval. Abacus Storage King confirmed receipt of the revised proposal, which represents a 15% increase from the initial offer. The proposal is contingent on regulatory approvals and tax rulings. There is no guarantee of a definitive agreement or completion of a transaction at this time.

Read more at Nasdaq: Ki Corp. And Public Storage Boost Bid For Abacus Storage King To A$1.65/shr