| 2019-08-16 11:25:49|
CONE, COR… 11:25 08/16 08/16/19
CyrusOne jumps 7% after Bloomberg report of takeover interest
CyrusOne (CONE) is considering a potential sale after a recent approach from at least one suitor, Gillian Tan and Kiel Porter of Bloomberg report, citing people familiar with the matter. CyrusOne is working with an adviser to evaluate its strategic options, they add. Further, a bidder group including KKR (KKR), Stonepeak Infrastructure Partners and I Squared Capital is in the preliminary stages of weighing a bid for CyrusOne, while other potential bidders are interested too, a source told Bloomberg. Shares of CyrusOne are up 7% to $69.23 following the report while the company's data center real estate investment trust peers, including CoreSite Realty (COR), Digital Realty (DLR), Equinix (EQIX), and Interxion (INXN), are also higher.