This post was originally published on this site
The buyout is the latest deal in the data-center space, with Blackstone (NYSE:BX) purchasing QTS Realty (NYSE:QTS) 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.
Reuters had reported in September that Dallas-based CyrusOne was working with investment bank Morgan Stanley (NYSE:MS) to explore strategic alternatives, including a potential sale.
The deal is expected to close in the second quarter of 2022, CyrusOne said.