News

GE Sinks Below Pre-Breakup Price, Wiping Out Initial Rally

TechCrunch

Data center companies CyrusOne and CoreSite acquired in deals totaling $25B

It’s been quite a week for data center industry consolidation in the U.S. Two companies, CyrusOne and CoreSite, announced deals valued at $15 billion and $10 billion, respectively. KKR, a well-known private equity firm, and Global Infrastructure Partners, a company that invests in infrastructure companies like data centers, both saw fit to pay CyrusOne a 25% premium on its closing stock price of $72.57 per share back on September 27 under the terms of the deal. The deal has already been approved by the CyrusOne board and, pending approval of regulators, is expected to close sometime in the second quarter of next year.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:News

Leave a reply

Your email address will not be published. Required fields are marked *

Next Article:

0 %