Public Storage Inc., Glendale, Calif., has priced a public offering of 8.0 million depositary shares, each of which represents one-thousandth of a share of 6.45% series F cumulative preferred stock, at $25 per share.The real estate investment trust said gross proceeds are expected to total $200 million. The co-lead underwriters for the offering are Merrill Lynch & Co. and Morgan Stanley. Public Storage also announced that it has retained Goldman, Sachs & Co. as a financial adviser in connection with its previously announced proposal to acquire Seattle-based Shurgard Storage Centers, another self-storage REIT. The REIT can be found on the Web at http://www.publicstorage.com.
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