Engel Law PLLC is investigating whether fair value to Life Storage shareholders will result from a proposed acquisition of Life Storage, Inc. (NYSE: LSI) by Extra Space Storage Inc. (NYSE: EXR), in which Life Storage shareholders will receive 0.8950 Extra Space shares for each Life Storage share they own.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.