Bank of Mexico Raises Overnight Rate 75 Bps to 7.75%

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Public Storage Proposed to Acquire Life Storage in All-Stock Transaction; Life Storage Shareholders/Unit Holders To Receive 0.4192 Shares Of Public Storage Common Stock For Each Life Storage Share/Unit They Own

Public Storage (NYSE: PSA) today sent a letter to Mark G. Barberio, Life Storage's Chairman, and Joseph V. Saffire, Life Storage's CEO, copied in full below, with respect to its proposal to acquire all of the outstanding shares and units of Life Storage, Inc.

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