April 7 (Reuters) - Australia's Abacus Storage King ( ABSKF )

said on Monday it had received an unsolicited takeover

offer from a consortium consisting of Ki Corporation and Public

Storage ( PSA ), valuing the target at A$1.93 billion ($1.16

billion).

The proposal offers A$1.47 per stapled security to Abacus

shareholders for all shares not currently held by Ki and its

subsidiaries.

U.S.-based real estate investment trust Public Storage ( PSA ) will

hold around 50% of Abacus securities following the deal, with

furniture manufacturer Ki holding the rest.

Ki currently has an indirect and direct interest of nearly

60% in Abacus.

The offer represents a 26.7% premium to Abacus' close on

Friday.

($1 = 1.6669 Australian dollars)