Global Data Center Operator CyrusOne Considers Potential Sales, Says Reuters

CyrusOne Inc. (CONE.O), a U.S. data center operator offering colocation services worldwide with a market capitalization of around $9 billion, explores strategic alternatives that include the firm prospective sales, according to Reuters.

The real estate investment trust (REIT) is working along with Morgan Stanley Investment Bank (MS.N) to examine its options following fresh investment pressure by some investors, said Reuters.

Since January this year, the colocation provider’s shares are off modestly since January, compared with a 16% rise in the S&P 500 Index.

Confidental

It is uncertain that the current talks of colocation provider CyrusOne will lead to an agreement, Reuters’ sources said. Their sources requested anonymity as the matter is confidential.

A CyrusOne spokesperson did not reply immediately to a comment request. A representative for Morgan Stanley refused to comment.

Read the full Reuters article here.

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