Zayo (ZAYO) PT Raised to $35 at Raymond James on SOTP; Sees Sale in a Few Months at Higher Valuation Amid Data Center Interest
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Zayo Group (ZAYO) to be Acquired by Digital Colony and EQT for $35/Share
May 8, 2019 8:01 AM EDTZayo Group Holdings, Inc. (NYSE: ZAYO), which provides mission-critical bandwidth to the worlds most impactful companies, today announced that it has signed a definitive merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund. The transaction would result in Zayo transitioning from a public company to a private company. Under the new ownership, the Zayo team would continue to execute the Companys strategy and remain headquartered in Boulder, Colorado.
Under the terms of the agreement, which was unanimously approved by Zayos Board of Directors,... More
