Zayo terminates Hart-Scott-Rodino waiting period

Zayo Group Holdings, Inc. (NYSE: ZAYO) has announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with the previously announced acquisition by affiliates of Digital Colony Partners (“Digital Colony”) and the EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”). The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending transaction, the company said.

Upon closing of the transaction, Zayo shareholders will receive USD 35.00 in cash per share of Zayo´s common stock in a transaction valued at USD 14.3 billion, including the assumption of USD 5.9 billion of Zayo´s net debt obligations.

The closing of the deal continues to be subject to customary conditions, including regulatory clearances relating to review and clearance by the Committee on Foreign Investment in the United States and the receipt of certain foreign antitrust approvals, certain other foreign direct investment review approvals, and specified FCC and state public utility commission approvals. The transaction is expected to close in the first half of calendar 2020.

Zayo Group Holdings provides mission-critical bandwidth to the world´s most impactful companies, fueling the innovations that are transforming our society. Zayo´s 130,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. For more information, visit zayo.com.