-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C0alL6IGyTz7qIEcIuJgTKkeEKckjh90H+nS7NLL/NE2UyB11fI42HYWJE1A4t3F WrRoMoSiJhiH2SIlLfrRlQ== 0000870376-97-000001.txt : 19970411 0000870376-97-000001.hdr.sgml : 19970411 ACCESSION NUMBER: 0000870376-97-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970409 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970410 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC STORAGE PROPERTIES XVIII INC CENTRAL INDEX KEY: 0000870376 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954336616 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10832 FILM NUMBER: 97577877 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVE STREET 2: SUITE 200 CITY: GLENDALE STATE: CA ZIP: 91201-2397 BUSINESS PHONE: 8182448080 MAIL ADDRESS: STREET 1: 701 WESTERN AVE STREET 2: SUITE 200 CITY: GLENDALE STATE: CA ZIP: 91201 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 9, 1997 ---------------- Public Storage Properties XVIII, Inc. ------------------------------------- (Exact name of registrant as specified in its charter) California 1-10832 95-4336616 ---------- ------- ---------- (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification No.) 701 Western Avenue, Glendale, California 91203-1241 ------------------------------------------------- ---------- (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code (818) 244-8080 -------------- N/A ----- (Former name or former address, if changed since last report) Item 5. Other Events ------------ Registrant and Public Storage, Inc., a New York Stock Exchange listed REIT, have agreed, subject to certain conditions, to merge. Attached is Registrant's press release describing the proposed transaction and which is incorporated herein by reference. Item 7. Financial Statements and Exhibits --------------------------------- (a) Financial Statements. None. (b) Exhibits. (1) Registrant's press release dated April 9, 1997. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PUBLIC STORAGE PROPERTIES XVIII, INC. By: /S/ OBREN B. GERICH ------------------- Obren B. Gerich Vice President Date: April 10, 1997 EX-99.1 2 EXHIBIT FOR FORM 8-K SUBMISSION Joint News Release Public Storage Properties XVIII, Inc. Public Storage, Inc. 701 Western Avenue P.O. Box 25050 Glendale, CA 91221-5050 For Release: Immediately Date: April 9, 1997 Contact: Mr. Harvey Lenkin (818) 244-8080 ---------------------------------------------------------------------- GLENDALE, California--Public Storage Properties XVIII, Inc. (AMEX:PSW) and Public Storage, Inc. announced today that the corporations agreed, subject to certain conditions, to merge. In the merger, PSW would be merged with and into PSA, and each outstanding share of PSW's Common Stock Series A would be converted, at the election of the shareholders of PSW, into either shares of PSA Common Stock or, with respect to up to 20% of the PSW Common Stock, $20.38 in cash. This dollar amount has been based on PSW's estimated net asset value (the appraised value of PSW's real estate assets as of March 17, 1997 and the estimated book value of PSW's other net assets as of June 30, 1997). The number of shares of PSA Common Stock will be based on dividing this same dollar amount by the average of the per-share closing prices on the New York Stock Exchange for a specified period prior to PSW's shareholders' meeting. The number of shares of PSA's Common Stock issued in the merger and the amount receivable upon a cash election will be reduced by the amount of cash distributions required to be paid to PSW's shareholders by PSW prior to completion of the merger in order to satisfy PSW's REIT distribution requirements. Additional distributions would be made to shareholders of PSW to cause PSW's estimated net asset value as of the effective date of the merger to be substantially equivalent to $20.38 per share. The merger is conditioned on, among other requirements, approval by PSA's board of directors, receipt of a satisfactory fairness opinion by PSW and approval by the shareholders of PSW. It is expected that any merger would close during the second half of 1997. ### -----END PRIVACY-ENHANCED MESSAGE-----