U.S. data center operator CyrusOne said on Monday it would be bought by KKR and Global Infrastructure Partners (GIP) in a deal valued at about $15bn, including debt.
The buyout is the latest deal in the data-center space, with Blackstone purchasing QTS Realty Trust Inc for $10 billion in June.
KKR and GIP will pay $90.50 in cash for each CyrusOne share, which represents a 5.9% premium to the company’s closing price on Friday.
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Reuters had reported in September that Dallas-based CyrusOne was working with investment bank Morgan Stanley to explore strategic alternatives, including a potential sale.
The deal is expected to close in the second quarter of 2022, CyrusOne said.
Source: Reuters
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