Public Storage Inc., Glendale, Calif., has priced a public offering of 18 million depositary shares, each of which represents one-thousandth of a share of series I 7.25% cumulative preferred stock, at $25 per share.The real estate investment trust said gross proceeds are expected to total $450 million. The joint book-running managers for the public offering were Citigroup Global Markets Inc., Merrill Lynch & Co., Morgan Stanley, and Wachovia Securities. The REIT can be found online at http://www.publicstorage.com.
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