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Global Self Storage Acquires Three Properties

Global Self Storage Acquires Three Properties
Posted: 11/28/2016 Link: SeekingAlpha.com
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Global Self Storage (NASDAQ:SELF) entered into an agreement with Tuxis to acquire three properties for an aggregate price of $7.8 million (including $5.925 million in cash and $0.98 million of Global Self Storage common stock).

Additional cash payment of $0.9 million would be made on the satisfaction of certain conditions related to the expansion of the Millbrook self storage facility.

The closing of the acquisition is subject to certain conditions precedent under the purchase agreement including, among others, approval by Tuxis stockholders.

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