CyrusOne Inc. (CONE) to be acquired by private equity group.

CyrusOne Inc. (CONE) announced today that it has agreed to be acquired for $90.50/share in cash.  The buyer group includes several funds managed by KKR & Co. with additional investment from co-partner Global Infrastructure Partners.  Including assumed debt, the transaction values CONE at approximately $15 billion.  The transaction is not subject to financing and is expected to close in the second quarter of 2022, subject to approval by CyrusOne stockholders.

CyrusOne is a mid-cap data center REIT with a total managed portfolio of 55 properties located in the U.S., London, Amsterdam, Frankfurt, and Singapore.