BOULDER, Colo.–(BUSINESS WIRE)–Zayo Group Holdings, Inc. (NYSE: ZAYO) today announces that its shareholders approved all proposals related to the definitive merger agreement to be acquired by affiliates of Digital Colony Partners (“Digital Colony”) and the EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”).
At a special meeting of Zayo’s shareholders held today in Boulder, a majority of shares outstanding were cast were in favor of approving the merger agreement.
“Today’s favorable shareholder vote supports our view that this transaction is a very good outcome for shareholders and will enable Zayo to accelerate its growth and strengthen its industry leadership,” said Dan Caruso, chairman and CEO at Zayo. “The entire Zayo team is excited to work with EQT and Digital Colony to leverage our fiber assets to continue to fuel global innovation.”
Upon closing of the transaction, Zayo shareholders will receive $35.00 in cash per share of Zayo’s common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations. The closing of the deal is subject to customary conditions, including regulatory clearance. The transaction is expected to close in the first half of calendar 2020.
For more information, please visit zayo.com.