According to Reuters, CoreSite Realty (COR) approached by American Tower (AMT) and Digital Realty Trust (DLR)

POTENTIAL DEAL DETAILS

Stock CoreSite Realty Corporation Symbol COR
Date Announced 11/09/2021 Source Reuters
Type News Report
Date of Confirmation: 11/15/2021 Price at Confirmation: $172.51
Potential Profit: 7.22% Annualized Profit: 438.95%

CoreSite Realty Corp (COR), a U.S. data center operator with a market value of more than $8 billion, is working with an investment bank to explore its options after attracting acquisition interest, people familiar with the matter said.

Update(s):

November 15, 2021: American Tower Corporation (AMT) and CoreSite Realty Corporation (COR) announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash.

November 15, 2021: Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of CoreSite Realty Corporation (COR) to American Tower Corporation (AMT)  for $170.00 per share in cash is fair to CoreSite shareholders.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

Leave A Comment

You must be logged in to post a comment.