Equinix tries to woo Telecity away from Interxion

Thursday 7 May 2015 | 08:34 CET | News
Data centre operator TelecityGroup said it has received an approach from Equinix, regarding a possible offer for Telecity at GBP 11.45 per share. Around 45 percent of the consideration would be payable in cash and 46 percent in Equinix stock. Telecity and Interxion recently signed an agreement that prohibits the parties from soliciting or discussing alternative proposals except in limited circumstances. One of the exceptions is where the directors of the relevant party believe they are required to do so by virtue of their fiduciary duties or other applicable law. In that light, Telecity has

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Categories: Fixed / Internet
Companies: Equinix / Interxion / TelecityGroup
Countries: Europe
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