board on Thursday rejected the unsolicited proposal from rival Public Storage (NYSE:PSA), saying the offer "significantly undervalues" the company as well as its prospects for future growth.

Life Storage, which operates more than 1,100 self-storage properties, rejected an $11 billion bid from Public Storage in February, saying the offer “significantly” undervalued the company.

Life Storage (NYSE:LSI) rose 2.5% on a report that competitor Extra Space Storage (NYSE:EXR) is evaluating a rival offer for the company after it rejected a bid from Public Storage (NYSE:PSA).

rejected an $11 billion bid from Public Storage, saying the offer “significantly” undervalues the company. Most Read from Bloomberg “Life Storage believes the proposed transaction is an ...

Life Storage's (LSI) board on Thursday rejected the unsolicited bid from rival Public Storage (PSA), saying the offer "significantly undervalues" the company as well as its prospects for future growth ...

Glendale, California-based Public Storage said Life Storage had rejected an offer under similar terms in January, forcing the company to make its approach public. Public Storage first approached ...

Dividend increase Public Storage separately announced on Sunday an increase of its common dividend to $12 a share from $8 on an annualized basis. The bump would sweeten the all-stock offer compared to ...

(Bloomberg)—Extra Space Storage Inc. is weighing making an offer for Life Storage Inc., the real estate company that rejected a takeover proposal from Public Storage earlier this year, according ...

March 22 (Reuters) - Self-storage properties operator Extra Space Storage Inc EXR.N is considering making an offer for rival ... takeover bid from bigger rival Public Storage.