Public Storage Inc., Glendale, Calif., has priced a public offering of 20 million depositary shares, each of which represents one-thousandth of a share of 6.625% series M cumulative preferred stock, at $25 per share.The real estate investment trust said gross proceeds are expected to total $500 million. The joint book-running managers for the offering are Merrill Lynch & Co., Citigroup Global Markets Inc., Morgan Stanley & Co., and Wachovia Securities. The REIT can be found on the Web at http://www.publicstorage.com.
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