Tuesday, June 8, 2021

Blackstone Set to Buy QTS Realty Trust for $10 Billion

 QTS Realty Trust (NYSE: QTS) and Blackstone (NYSE: BX), yesterday announced that they have entered into a definitive agreement under which Blackstone Infrastructure Partners will acquire all outstanding shares of common stock of QTS Realty Trust. Blackstone will pay $78.00 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.
The transaction was unanimously approved by the QTS Board of Directors and is expected to close in the second half of 2021. Upon completion of the transaction, the parties expect that QTS will continue to be led by its senior management team and maintain its corporate headquarters in Overland Park, KS. QTS operates data centers in North America and Europe occupying over seven million square feet of space. Continue Reading

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