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BUSINESS BRIEFS.(TO THE POINT)
REITS
Shurgard rejects Public Storage
The self-storage unit developer rejected its rival's unsolicited $2.5 bil bid. Public Storage offered 0.8 share per Shurgard Storage Centers share -- $52.48 after Mon.'s close. Shurgard surged 13% to a record 53, suggesting investors expect more. Public Storage slid 2% to 65.60.
ENERGY
Higher prices boost Statoil Q2
The Norwegian energy firm earned $859 mil, up 55% vs. a year earlier, on a 31% rise in sales to $11.8 bil. Statoil was helped by a 41% surge in oil prices to ...
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