Equinix subsidiary Equinix UK will buy IXEurope for GBP 1.25 per share, valuing the company at approximately GBP 240.9 million. The acquisition offer represents a premium of about 82.1 percent over the average closing price of the past 6 months. The acquisition is subject to approval by IXEuropea shareholders and is expected to close mid-September this year. IXEurope directors have said they will unanimously recommend the take-over offer. With the take-over, data centre services provider Equinix expects to solidify its position on the co-location and data centre markets.
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Equinix to buy IXEurope for GBP 241 million
- June 28th, 2007
- 10:49 am
