CyrusOne in advanced takeover talks - report

News Broadband United States 15 NOV 2021
CyrusOne in advanced takeover talks - report

Data centres operator CyrusOne is in advanced takeover talks with a number of potential buyers, including a group led by KKR and Global Infrastructure Partners and another headed by Brookfield Asset Management, the Wall Street Journal reported. The company has a market value estimated at around USD 10.5 billion.

CyrusOne came under pressure from some investors, who called out its sluggish financial performance and higher management turnover, reports said earlier. The company was said to have hired investment bank Morgan Stanley to help review its options, including a possible sale. CyrusOne has been through four CEOs in the past three years.

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Shareholders & subsidiaries, Corporate strategy, M&A buyouts & divestments

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