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CyrusOne to go private in $15 billion deal with KKR, Global Infrastructure Partners -Breaking

by Mike Robinson

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© Reuters

(Reuters) – U.S. data center operator CyrusOne (NASDAQ:) Inc said on Monday it would be bought by KKR & Co (NYSE:) Inc and Global Infrastructure Partners (GIP) in a deal valued at about $15 billion, including debt.

Blackstone (NYSE) purchased QTS Realty Trust Inc in June for $10 Billion.

GIP and KKR will each pay $90.50 cash for every CyrusOne share. This is 5.9% more than Friday’s closing price.

Reuters reported September 9th that CyrusOne, a Dallas-based investment bank, was working with CyrusOne. Morgan Stanley To explore strategic options, such as a sale or merger (NYSE:

According to CyrusOne, the deal should close by 2022’s second quarter.

 

 

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