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Etude Storage Partners Proposes To Acquire Global Self Storage For $6.15 Per Share In Cash

Benzinga ·  May 7 21:11

Proposal Represents a 47% Premium to Yesterday's Closing Price and a 45% Premium to the 30-day VWAP

Etude Storage Partners LLC, a self-storage-focused investment firm, today sent the below letter to the Board of Directors of Global Self Storage, Inc. (NASDAQ:SELF) (the "Company"), which details its $6.15 per share all-cash, fully financed proposal to acquire the Company.

May 7, 2024

Global Self Storage, Inc.

3814 Route 44

Millbrook, New York 12545

Attn: Board of Directors

Dear Members of the Board:

I am writing to you on behalf of Etude Storage Partners LLC (together with its affiliates, "ESP", "we" or "our"). We have been...

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