According to Bloomberg, Zayo Group Holdings (ZAYO) approached by Blackstone Group LP and Stonepeak Partners LP

  • January 28, 2019

POTENTIAL DEAL DETAILS

Stock Zayo Group Holdings, Inc. Symbol ZAYO
Date Announced 11/19/2018 Source Bloomberg
Type News Report
Date of Confirmation: 05/08/2019 Price at Confirmation: $33.15
Potential Profit: 27.50% Annualized Profit: 59.04%

Zayo Group Holdings Inc. (ZAYO) attracted takeover interest from a group of investors including funds managed by Blackstone Group LP and Stonepeak Partners LP, according to people with knowledge of the matter.

Update(s):

February 12, 2019: Activist hedge fund Sachem Head Capital Management has written a letter to U.S. communications infrastructure provider Zayo Group Holdings Inc (ZAYO) urging it to explore a sale, according to people familiar with the matter.

March 06, 2019: Digital Colony, a communications infrastructure-focused firm formed by Tom Barrack’s Colony Capital Inc. and Digital Bridge Holdings LLC, is part of a potential buyer group weighing a bid for Zayo Group Holdings Inc. (ZAYO) , according to a person with knowledge of the matter.

March 07, 2019: Starboard Value, the activist fund run by Jeff Smith, disclosed a stake in Zayo Group Holdings Inc. (ZAYO), adding pressure on the fiber-networks owner to sell itself.

March 07, 2019:  Company’s Board and management team are in active dialogue with many of our top investors in an effort to understand their views.

April 10, 2019: A consortium including investment firms Digital Colony Partners LP, EQT AB and Stonepeak Infrastructure Partners has secured exclusive rights to negotiate a deal to buy U.S. communications infrastructure provider Zayo Group Holdings Inc, people familiar with the matter said on Wednesday.

May 08, 2019: Zayo Group Holdings, Inc. (ZAYO), which provides mission-critical bandwidth to the world’s most impactful companies, today announced that it has signed a definitive merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund.

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