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Australia’s Abacus Storage King gets $1.43 billion sweetened buyout bid

By Thomson Reuters Jul 13, 2025 | 5:53 PM

(Reuters) -Australia’s Abacus Storage King said on Monday it received a sweetened non-binding offer from a consortium of Ki Corporation and U.S.-listed Public Storage, valuing the firm at A$2.17 billion ($1.43 billion), up from a prior offer of A$1.93 billion.

($1 = 1.5223 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru; Editing by Sandra Maler)