QTS - QTS Realty unlikely to higher bid than Blackstone deal analyst says

QTS Realty (QTS) could see interest in a go-shop period from non-strategic bidders, though it's unlikely to see a superior bid to Blackstone (BX) given the "strong valuation" in the $10B deal, according to Stifel.QTS is unlikely to see any strategic buyer, though it may garner interest from private equity, infrastructure funds and sovereign wealth funds, according to Stifel analyst Erik Rasmussen. The go-shop period expires on July 17. QTS gained 21% as is currently trading around $78.11, above the announced $78/share deal.Its' unlikely that another public data center such as CyrusOne (CONE) and Digital Realty Trust (DLR) will make a rival bid as a transaction may be dilutive for the companies and for DLR there are likely "overlapping" markets.CyrusOne gained 5.7%, while Digital Realty rose 2.3%. Competitor CoreSite Realty advanced 5.7%.On a 2022 estimated EV/EBITDA basis, the deal values QTS at 26.1x, which is an 18% premium to the data center

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QTS Realty unlikely to higher bid than Blackstone deal, analyst says