Mr. Osgood has been known in the investment community as the backbone of U-Store-It and an independent voice at this family-run company. |
The strong performance of the group has surprised most market participants, including ourselves. |
This is not a Toys R Us-like transaction. We believe that most of the stores and facilities will be closed and either the leasehold interest or underlying real estate will be sold off over the next 12 to 18 months following the close of the sale. |