
Equinix is bidding to acquire TelecityGroup for £11.45 per share, 35% premium to the closing price of February 10, 2015, and representing an equity value of $3.6 billion. The offer is composed of 50% stock and 50% cash.
Equinix said the merger would complement and extend its geographic footprint in Europe.
TelecityGroup operates 39 data centers with 1.2 million gross square feet of capacity in 12 metros across Europe. The business serves...