BLOOMBERG: Equinix Makes $3.5 Billion Bid for Telecity, Risking Dutch Deal


[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

Equinix, Inc. (Nasdaq: EQIX) operates a global interconnection platform of more than 200 International Business Exchange™ (IBX®) data centers in 52 markets in the Americas, EMEA, and Asia-Pacific. Our mission is to protect, connect and power the digital economy.
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