GDS - Chindata Group jumps on report of takeover interest

Bain-backed Chindata Group (CD) rose 11% in premarket trading on a report that the Chinese data center company has received takeover interest from other firms in the industry. GDS Holdings (NASDAQ:GDS) is said to be evaluating an offer to combine with Chindata, according to a Bloomberg report.  Also rivals such as EdgeConneX may also consider a bid for the data center company. Talks are preliminary and there's no formal sale, Bloomberg reported. Chindata (CD) went public in late September 2020. The company competed with GDS (GD) and 21Vianet (VNET). Last month, Chindata announced senior management changes.

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Chindata Group jumps on report of takeover interest