SELF - Global Self Storage: An Unsolicited Takeover Offer Unveils The Company's Potential
2024-06-10 16:04:32 ET
Summary
- Global Self Storage received an unsolicited takeover offer at $6.15 per share, close to the expected fair price.
- The board rejected the bid, stating that it significantly undervalued the company and its growth prospects.
- The valuation framework of the takeover suggests that the offered multiple of 17x AFFO was reasonable and fair.
...
Global Self Storage: An Unsolicited Takeover Offer Unveils The Company's Potential