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Life Storage board OKs repurchase of up to $200M of common shares

Life Storage Inc.'s board of directors approved the repurchase of up to $200 million of its outstanding common shares.

Factors such as general business and market conditions will determine the size and the timing of the repurchase program, which has no time limit and may end at any time, and the shares can be repurchased through open market, private negotiations or other methods, the company said in its latest business update.