Under the terms of the deal, investors are slated to receive 0.14 shares of Public Storage common stock or partnership units for each share of National Storage Affiliates held. Former Louisiana Attorney General Charles C. Foti, Jr. and his firm, KSF, are now scrutinizing the board's decision-making process to determine if the terms prioritize the interests of shareholders or fall short of the company's long-term worth.
Investors concerned that the transaction undervalues their holdings are encouraged to contact KSF Managing Partner Lewis S. Kahn to discuss potential legal avenues. The firm is currently reviewing whether fiduciary duties were upheld during the negotiation phase leading up to the announcement.
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