Deals
CyrusOne Explores a Sale After Bidder Approach
- The shares rose as high as 16.6% in biggest gain since 2013
- Dallas-based REIT has a market value of about $8.2 billion
This article is for subscribers only.
CyrusOne Inc. is considering a potential sale after receiving takeover interest, according to people familiar with the matter, as digital infrastructure companies such as data center operators increasingly garner buyout interest from rivals and private buyers.
The Dallas-based company is working with an adviser to evaluate strategic options after a recent approach from at least one potential suitor, said the people, who asked to not be identified because the matter isn’t public.