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Shurgard Storage Centers, Inc.
Ticker Symbol: SHU* CUSIP: 82567D104 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/22/2006
Company's Online Profile
BUSINESS: Shurgard Storage Centers, Inc. is a real estate investment trust (REIT) headquartered in Seattle, Washington that develops, acquires, owns and manages self storage centers and related operations. The Company operates a network of over 445 storage centers located throughout the United States and Europe.
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Notes: Aug. 22, 2006 -- Public Storage, Inc. (NYSE:PSA) announced today the completion of the previously announced acquisition of Shurgard Storage Centers, Inc. (NYSE:SHU) in a transaction with a total value of approximately $5.5 billion. The transaction will further expand the size of the nation's largest self-storage company with an ownership interest in over 2,100 facilities in 38 states and seven European nations. All of Shurgard's shares of common stock have been converted into the right to receive 0.82 shares of Public Storage common stock, Public Storage assumed approximately $1.9 billion of Shurgard debt and $136 million of Shurgard preferred stock has been redeemed. The shareholders of Public Storage and Shurgard approved the transaction at meetings held earlier in the day.
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Mid Cap Stock -
Market Value $916.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1155 Valley Street, Suite 400, Seattle, WA 98109 |
| Main Phone Number |
206-624-8100 |
| Fax Number |
206-624-1645 |
| Investor Contact
Jeffrey Scott Szorik
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206-652-3702
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| Toll Free Phone Number |
800-947-8673 |
| CEO - Charles K. (Chuck) Barbo |
CFO - Harrell Beck |
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