Starboard SPAC nears $3.4 bln merger deal for Cyxtera - WSJ

Cyxtera Technologies

22/02/2021 01:30

Feb 21 (Reuters) - Starboard Value Acquisition Corp's
 SVAC.O  special-purpose acquisition company is discussing a
merger deal with Cyxtera Technologies Inc that would value the
data-center provider at around $3.4 billion including debt, the
Wall Street Journal reported https://www.wsj.com/articles/starboard-spac-nears-3-4-billion-deal-for-data-center-company-cyxtera-11613955601?mod=latest_headlines
 on Sunday.
    Cyxtera's existing owners, including private-equity firms BC
Partners and Medina Capital, are planning to roll their equity
stakes into the combined firm, the report said, citing people
familiar with the matter.
     The deal could be finalized by Monday, assuming the talks
don't fall apart, the report said. 
    
    

 (Reporting by Maria Ponnezhath in Bengaluru;
Editing by Vinay Dwivedi)
 ((Maria.Ponnezhath@thomsonreuters.com; +91 8061822749;))