Shurgard Sweden AB made a public offer to acquire 24Storage AB (publ) (OM:24STOR) from a group of shareholders for SEK 1.1 billion on November 22, 2021. Pursuant to the terms of the offer, Shurgard Sweden AB shall acquire 24Storage AB shares for SEK 72 per share in cash. Shurgard Sweden AB can fund the transaction (equity and debt) using cash on balance sheet and undrawn existing credit facilities. As soon as possible after Shurgard Sweden AB (whether in connection with the offer or otherwise) has become the owner of shares representing more than 90% of the outstanding shares in 24Storage AB (publ), Shurgard Sweden AB intends to initiate the procedure for compulsory redemption of the remaining outstanding shares in 24Storage AB (publ). In connection therewith, Shurgard Sweden AB intends to promote the delisting of the shares in 24Storage AB (publ) from Nasdaq First North. The completion of the offer is conditional upon, among other things, that the offer is accepted by shareholders representing more than 90% of the shares in 24Storage AB. Shurgard Sweden AB?s offer is conditional upon no one announcing a superior competing offer, i.e. an offer to acquire shares in 24Storage on terms that are more favorable to the shareholders in 24Storage AB than the own offer. The completion of the offer and the acquisition of 24Storage AB is conditional upon that all necessary regulatory, governmental or similar clearances, approvals and decisions, including from competition authorities are received, in each case on the terms which, in Shurgard Sweden AB?s opinion are acceptable. Shurgard Sweden AB?s current assessment is that the completion of the offer will not require any approvals from competition or other authorities. The offer is not subject to any financing condition. Shurgard Sweden AB has reserved the right to wholly or partly waive these and other conditions for completion of their respective offers. The bid committee of 24Storage AB (publ) recommends the shareholders to accept the offer. The acceptance period for the offer is expected to commence on or around November 23, 2021 and is expected to expire on or around December 15, 2021. Lenner & Partners acted as fairness opinion providers for the shareholders of 24Storage AB. J.P. Morgan Securities plc, (?J.P. Morgan?) and Carnegie Investment Bank AB (publ) (?Carnegie?) are acting as financial advisers to Shurgard Sweden AB in connection with the offer. Linklaters Advokatbyr? AB is acting as legal advisor to Shurgard Sweden AB in connection with the offer. Lazard acted as financial advisor and Erik Sj?man of Advokatfirman Vinge KB acted as legal advisor to 24Storage AB (publ). Shurgard Sweden AB cancelled the acquisition of 24Storage AB (publ) (OM:24STOR) from a group of shareholders on November 29, 2021. Completion of the Offer is, among other things, conditional upon the offer being accepted by 24 Storage?s shareholders representing more than 90% of the outstanding shares in 24 Storage. This condition cannot be satisfied due to TIAA?s unconditional agreements to purchase approximately 92.38% of the number of shares outstanding from the shareholders of 24Storage. Shurgard decided to withdraw the Offer. Accordingly, any shares tendered will not be acquired by Shurgard and will remain in the respective holders? ownership without any action needed on the part of the shareholder.