[Bloomberg] Equinix Inc.’s takeover advance leaves Telecity Group Plc shareholders with a choice of favoring the $3.5 billion approach from the U.S. data-center operator or backing the British company’s plan to buy a Dutch rival.
[Bloomberg] Equinix Inc.’s takeover advance leaves Telecity Group Plc shareholders with a choice of favoring the $3.5 billion approach from the U.S. data-center operator or backing the British company’s plan to buy a Dutch rival.
"Equinix Inc.’s takeover advance leaves Telecity Group Plc shareholders with a choice of favoring the $3.5 billion approach from the U.S. data-center operator or backing the British company’s plan to buy a Dutch rival.
A potential bid from Equinix would be a mixture of cash and shares that equal 1,145 pence a Telecity share, the London-based company said Thursday. That’s about 27 percent more than the stock’s close on May 6 and values the company at 2.3 billion pounds. Telecity’s stock rose the most since its listing on the main London exchange in 2007."
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Additional Coverage:
Data Center Provider Equinix Makes Bid for Telecity of Britain - New York Times DealBook
Equinix Makes £2.3bn Cash-and-Shares Offer for UK Rival Telecity - Financial Times (Registration Required)
U.S. Data Giant Equinix Bids for Telecity - Wall Street Journal
Equinix, Telecity, Interxion and Digital Realty in M&A 'Chess Game,' Say Cowen, Evercore - Barron's
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