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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Data center real estate investment trusts (REITs) like Equinix (NASDAQ: EQIX ) stock are a hot ticket right now. CyrusOne (NASDAQ: CONE ) was bought out by private equity, led by KKR (NYSE: KKR ), or Co...
CyrusOne (CONE) and CoreSite (COR) agreed to be acquired in deals valued at $15 billion and $10 billion, respectively. Data centers have been a significant area of growth over the last couple of decades. Ranked by colocation and data center revenues, CyrusOne and CoreSite are the ...
The Data Center REIT sector has been substantially and rapidly transformed as the three largest data center portfolio acquisitions in history have been announced in just the past several months. We predicted an impending M&A boom but expected Digital Realty and Equinix to scoop up...
Make it two data center REITs sold this week, as an upstart truck maker is said to be eyeing an Atlanta site, consumer and homebuilder confidence appear to be on the rise, and we take a look at real estate prospects for the year ahead. CyrusOne (NASDAQ: CONE) has agreed to...
Iron Mountain has become one of the most popular REITs on Seeking Alpha. I used to buy in the $20s and $30s, but as it rose to $45+, I ended up selling my position. I present 5 reasons why I wouldn't buy IRM at this time. For further details see: Sell Alert: Avoid Iron M...
CyrusOne and KKR announced on November 15th that the latter would be acquiring the former in a $15 billion transaction. Though some investors in CyrusOne might be disappointed, the maneuver is logical because of the multiple paid for the business. Upside moving forward is limited ...
On Monday, KKR & Co Inc. ( NYSE:KKR ) shares edged slightly lower after announcing a partnership deal to buy CyrusOne Inc. ( NASDAQ:CONE ). The company has teamed up with Global Infrastructure Partners (GIP) to buy the New York-based data centre REIT in an all-cash deal wort...
CyrusOne (NASDAQ: CONE) has agreed to a buyout deal: Private equity giants KKR (NYSE: KKR) and Global Infrastructure Partners (GIP) are paying a total of $15 billion for the data center real estate investment trust (REIT) . The agreement ends weeks ...
Data center REIT stocks are rising after two attention-grabbing M&A deals are announced this morning — the sale of CyrusOne (CONE +4.4%) for $15B and CoreSite (COR +2.6%) being sold for $10B. Data Center REITs & Digital Infrastructure ETF (NASDAQ:VPN) rises 0.6%...
KKR (NYSE:KKR) and Global Infrastructure Partners agreed to acquire data center REIT CyrusOne (NASDAQ:CONE) for $90.50/share in cash or about $15B, including debt. CyrusOne gained 3.5% in premarket trading. The price represents a 25% premium to CyrusOne's stock price on Sept. 27, th...
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Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Canada One Mining Corp . (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (" Canada One " or the " Company ") is pleased to announce that Mr. Gordon Neal has joined the Company's Advisory Board. Highlights Current President and CEO ...
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - Canada One Mining Corp . (TSXV: CONE) (OTC Pink: COMCF) (" Canada One " or the " Company ") is pleased to announce a non-brokered private placement (the " Private Placement ") consisting of up to 37,500,000 units of the Company, (e...
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - Canada One Mining Corp . (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (" Canada One " or the " Company ") is pleased to announce that Mr. Edward Rochette has joined the Company's Advisory Board. Highlights Past Senior VP of Ivanh...