Strategic Storage Growth Trust Shareholders Approve Merger
January 21, 2019 | James Sprow | Blue Vault
At a special meeting of stockholders of Strategic Storage Growth Trust held on January 18, 2019, the proposed merger with Strategic Storage Growth Trust II, Inc. was approved by a vote of 15,321,049 for and 262,018 against, with 499,572 abstaining.
On October 1, 2018, Strategic Storage Growth Trust, Inc. (“SSGT”) announced the entry into a definitive merger agreement with Strategic Storage Trust II, Inc. Under the agreement, SSGT stockholders will receive $12.00 per share in cash, which represents a total purchase price of approximately $340 million, including current outstanding debt to be assumed or repaid.
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