RTTNews | Nov 15, 2021 07:46AM EST

07:46 Monday, November 15, 2021 (RTTNews.com) - Shares of CyrusOne Inc. (CONE) are climbing more than 4% in pre-market on Monday after the company announced its decision to go private with the acquisition by investment firm, KKR, and infrastructure investors, Global Infrastructure Partners.

CyrusOne stockholders will receive $90.50 per share in cash, a premium of 25% to CyrusOne's closing price of $72.57 on September 27, 2021, the last full trading day prior to published market speculation regarding a potential sale of the company.

The transaction values about $15 billion, including the assumption of debt.

CyrusOne shares closed Friday's regular trade at $85.45, up $2.75, or 3.33%. The stock is currently at $89.02.

Read the original article on RTTNews ( https://www.rttnews.com/3242354/cyrusone-rises-in-pre-market-on-decision-to-go-private.aspx)

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