America’s biggest public storage company is about to get even bigger

America’s leading public storage provider, Public Storage (NYSE: PSA), has announced plans to acquire one of its main competitors, National Storage Affiliates Trust (NYSE: NSA), further solidifying its position as the dominant storage provider in the country.

Here’s what you need to know about the proposed merger, and how the news is affecting the companies’ stock prices.

What’s happened?

Yesterday, Public Storage announced plans to acquire one of its main competitors, National Storage Affiliates.