CD - Chindata gains on report company evaluating asset sale take private

• Chinese data center service company Chindata Group ( NASDAQ: CD ) rose 2.3% i n premarket trading on a report that the company hired an adviser to consider potential asset sales or a take private.
• Chindata ( CD ) has been soliciting interest in possible divestitures and has had some interest from private equity, according to a Dealreporter item. Chindata has a market cap of $3.1 billion.
• The news comes after Bloomberg reported in April that  Bain-backed Chindata ( CD ) had received takeover interest from other firms in the industry. GDS Holdings ( GDS ) was said to be evaluating an offer to combine with Chindata.
• Chindata ( CD ) went public in late September 2020. The company competeds with GDS ( GDS ) and 21Vianet ( VNET).
• Bloomberg also reported in late July that MBK Partners was said to be considering making an offer for 21Vianet ( VNET ).

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