QTS Realty (QTS) announces $10 billion privatization by Blackstone.

QTS Realty Trust (QTS) announced that it has agreed to by acquired by affiliates of Blackstone for $78.00/share in an all-cash transaction valued at approximately $10 billion.  The purchase price represents a premium of 21% to QTS' closing share price on June 4, 2021 and a 24% premium to average share price over the last 90 days.  The transaction is expected to close in the second half of 2021.  Blackstone said that it has structured the buyout as a joint purchase between Blackstone Infrastructure Partners and Blackstone Real Estate Income Trust.

QTS Realty is a mid-cap data center REIT with 28 facilities located in North America and Europe.