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By Lars Mucklejohn Self-storage giant Shurgard has struck a takeover deal with Lok’nStore worth around £378m, with the merger expected to involve job cuts. Under the agreement, Lok’nStore shareholders are set to receive 1,110p per share, a premium of around 15.9 per cent to the stock’s closing price of 958p on Wednesday. The deal also marks a 2.3 per cent premium to Lok’nStore’s all-time high closing price of 1,085p on 6 January 2022. The company has been listed on AIM since 2000. The firms said in a joint statement that the merger would enable Shurgard to increase its footprint in the South E…

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