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EXR STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF EXTRA SPACE STORAGE INC. IS FAIR TO SHAREHOLDERS
April 3, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Extra Space Storage Inc. (NYSE: EXR) and Life Storage, Inc. is fair to Extra Space shareholders. Under the terms of the agreement, Life Storage shareholders will receive 0.8950 of an Extra Space share for each Life Storage share they own. At closing, Extra Space shareholders are expected to own approximately 65% of the combined company.
The investigation concerns whether Extra Space and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Extra Space shareholders; and (2) disclose all material information necessary for Extra Space shareholders to adequately assess and value the merger consideration. On behalf of Extra Space shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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