Zayo Group (ZAYO) has been in the news recently with speculation regarding a takeover bid to take the company private, selling off of business units, and possible conversion of some of its assets into a REIT and company management postponing an analyst day while it considers all this. Shareholder activism has been noted, with some disquiet over the company's valuation being felt, and this will rise if management returns from the consideration of its strategic options and do nothing.
We think it is likely that management will announce some fairly drastic changes, especially