NSA Shareholders Overwhelmingly Approve $10.5B Public Storage Buyout
NSA sits 62% above its 52-week low of $27.43 on elevated volume (2.8× avg).
Summary
NSA shareholders voted 99.9% in favor of the all-stock acquisition by Public Storage, with over 84% of outstanding shares cast. The vote clears the last major hurdle, and the deal is expected to close on or about July 22, 2026. This follows the definitive proxy filed in June and supplemental disclosures in early July addressing shareholder lawsuits. The overwhelming approval signals strong investor support despite earlier litigation noise. With OP unit holders already on board, closing now hinges only on remaining customary conditions.
At the time of this announcement, NSA was trading at $44.49 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6B. The 52-week trading range was $27.43 to $46.47. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.