CoreSite connects, protects and delivers an optimal performance environment and continued operation of mission-critical data and IT infrastructure for enterprises and Internet, private networking, American Tower to Buy CoreSite in $10.1bn Neutral Host ... American Tower Investments LLC. JP Morgan is serving as the lead financer for the deal. American Tower Corporation (NYSE: AMT) (“American Tower”) today announced the commencement of the tender offer by its wholly owned indirect subsidiary, Appleseed Merger Sub LLC, for all outstanding shares of the common stock of CoreSite Realty Corporation (NYSE: COR) … CoreSite’s outstanding team, interconnection platform and data center campus portfolio are a highly complementary fit with American Tower’s existing communications sites, and we believe this partnership delivers significant value to CoreSite’s stockholders and will create an exciting new chapter for our customers, employees and partners.” SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors ... American Tower CyrusOne and CoreSite are both to be taken over multi-billion dollar acquisitions. American Tower Corp on Monday agreed to buy U.S. data center operator CoreSite Realty Corp for $7.51 billion in cash to tap into a sector that has seen a boom in demand during the COVID-19 pandemic. American Tower Corporation and CoreSite Realty Corporation said Monday that they had reached an agreement for American Tower to acquire CoreSite for $170 per share in cash in a deal valued at $10.1 billion. BOSTON–(COMMERCIAL THREAD) – American Tower Corporation (NYSE: AMT) (“American Tower”) today announced the launch of a takeover bid by its indirect wholly-owned subsidiary, Appleseed Merger Sub LLC, for all common shares outstanding from CoreSite Realty Corporation (NYSE: COR) (“CoreSite”) at a price of $ 170.00 per share in cash.The … The WSJ reports that CyrusOne is in advanced talks with at least two groups and could choose a buyer within days. American Tower CyrusOne has been bought by KKR and Global Infrastructure Partners and will be taken private, while CoreSite has been taken over by American Tower, a publicly-listed Real Estate Investment Trusts (REIT) traditionally focused on cell tower infrastructure. American Tower to Buy Data Center Manager CoreSite in $10.1 Billion Deal Nov. 15, 2021 at 1:25 p.m. American Tower is a giant in telecommunications and I believe it's the biggest REIT, Matt Frankel can confirm that for me. American Tower Corp. will acquire CoreSite Realty Corp. in a deal valued at $10.1 billion, the companies said Monday. American Tower makes mammoth $10.1 billion deal to buy ... American Tower is a giant in telecommunications and I believe it's the biggest REIT, Matt Frankel can confirm that for me. American Tower nears $10 billion deal to buy CoreSite ... American Tower Acquires CoreSite: Paying A Hefty Price For A Niche Opportunity Daniel Jones Tue, Nov. 16 13 Comments. American Tower Corp. will acquire CoreSite Realty Corp. in a deal valued at $10.1 billion, the companies said Monday. Also, CoreSite hosts management presentations and diligence sessions for both American Tower and Party A. The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s existing debt at … American Tower is a giant in telecommunications and I believe it's the biggest REIT, Matt Frankel can confirm that for me. American Tower maintains adequate liquidity to fund upcoming obligations, including the planned CoreSite acquisition. American Tower and CoreSite Realty have entered into an agreement for the tower company to acquire CoreSite for $170 per share in cash, according to a statement from American Tower. CoreSite background. ... American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of … American Tower American Tower American Tower to Acquire CoreSite for $10.1 Billion The closing was funded by borrowings under American Tower’s revolving credit facilities and term loans. American Tower American Tower to buy data center operator CoreSite for $7.5 bln. American Tower Corp. announced on Monday that it will acquire CoreSite Realty Corp., a Denver real estate investment trust that is a major owner of data centers in Silicon Valley. American Tower Corporation (NYSE: AMT) and data centre REIT CoreSite Realty Corporation (NYSE: COR) said they have entered into a definitive agreement through which American Tower will acquire CoreSite for US$170.00 per share in cash. The closing was funded by borrowings under American Tower’s revolving credit facilities and term loans. American Tower Corporation (NYSE: AMT) and CoreSite Realty Corporation (NYSE: COR) yesterday announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170 per share in cash. American Tower has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. Investor Relations Adam Smith: Vice President, Investor Relations investor.relations@americantower.com. CoreSite Realty Corporation (NYSE:COR) delivers secure and reliable data center solutions across eight key North American markets. American Tower said it completed the acquisition of CoreSite through a merger of one of its wholly owned subsidiaries with and into CoreSite. BOSTON & DENVER, November 15, 2021--American Tower Corporation (NYSE: AMT) ("American Tower") and CoreSite Realty Corporation (NYSE: COR) ("CoreSite") today announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash. American Tower Corporation (NYSE: AMT) is reportedly leading the rumoured discussions with CoreSite Realty Corp. (NYSE: COR) that could result in the data centre real estate investment trust (REIT) operator begin acquired. In connection with the merger, each share of CoreSite common stock issued and outstanding immediately prior to the effective time of the merger (other than certain restricted shares and shares held by certain American Tower subsidiaries) will be converted into the right to receive $170.00 per share in cash, the same amount per share paid in the tender offer. But $10 billion deal, 25 data centers, 21 cloud on-ramps, really interesting. The tender offer is being made in connection with the Agreement and Plan of Merger announced by American Tower and CoreSite on November 15, 2021. American Tower is a giant in telecommunications and I believe it's the biggest REIT, Matt Frankel can confirm that for me. The total consideration … The total consideration for the transaction, … REIT American Tower Corp. announced Monday the commencement of the tender offer by its wholly owned indirect subsidiary, Appleseed Merger Sub LLC, for all outstanding shares of the common stock of CoreSite Realty Corp. at a price of $170.00 per share in cash.The tender offer is being made in connection with the Agreement and Plan of Merger … American Tower on Monday expanded its edge efforts in announcing a $10.1 billion deal to purchase CoreSite including cloud on … The closing was funded by borrowings under American Tower’s revolving credit facilities and term loans. Check out why I think that the risk falls on AMT stock. American Tower's (AMT) agreement to acquire CoreSite will enhance the company's portfolio and growth prospects. (Source: “American Tower to Acquire CoreSite,” American Tower Corp, November 15, 2021.) The two companies entered into a definitive agreement yesterday under which American Tower will pay $170 per share. American Tower Corp. agreed to buy CoreSite Realty Corp., valuing the data-center real estate investment trust at an enterprise value of about $10.1 billion including debt. The deal represents a bold move into the data center business for American Tower, which is … CoreSite was acquired by American Tower on November 15, 2021. CoreSite and American Tower did not immediately respond to requests for comment. The total consideration for the transaction is approximately $10.1 billion, including the assumption and repayment of CoreSite’s existing debt. American Tower Corp. agreed to buy CoreSite Realty Corp., valuing the data-center real estate investment trust at an enterprise value of about $10.1 billion including debt. American Tower Corp. (NYSE: AMT) and CoreSite Realty Corp. (NYSE: COR) revealed yesterday an agreement through which American Tower will buy CoreSite for $170.00 per share in cash. Sometimes writing these articles can get overwhelming, especially when I try to write a few individual research articles during the same month. This is technology M&A deal number 720 that ChannelE2E has covered so far in 2021. American Tower Corporation has closed its acquisition of CoreSite Realty Corporation. American Tower pays an annual dividend of $5.24 per share and currently has a dividend yield of 1.86%. Through the deal, American Tower hopes to leverage CoreSite’s infrastructure to build on its own mobile edge compute offering. American Tower Corp. has acquired CoreSite Realty for $10.1 billion including debt. American Tower is ramping up its edge ambitions with plans to buy CoreSite for $10.1 billion. Finally, CoreSite responds to numerous diligence requests and questions of American Tower and … CORESITE REALTY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CoreSite Realty Corporation - COR. American Tower Corp., one of Massachusetts' most valuable companies by market cap, will acquire data-center real estate investment trust CoreSite Realty Corp., the companies announced Monday morning. NEW YORK: American Tower Corp (AMT.N) has agreed to buy U.S. data center operator CoreSite Realty Corp (COR.N) for $7.51 billion in cash. Cleary Gottlieb is representing American Tower Corporation (American Tower), which announced on November 15, 2021, that it has entered into a definitive agreement with CoreSite Realty Corporation (CoreSite) through which American Tower will acquire CoreSite for $170 per share in cash. American Tower has acquired CoreSite for $10.1 billion. Nov 15 (Reuters) – American Tower Corp on Monday agreed to buy U.S. data center operator CoreSite Realty Corp for $7.51 billion in cash to tap into a sector that has seen a boom in demand during the COVID-19 pandemic. American Tower is a real-estate investment trust that has a portfolio of hundreds of thousands of communications towers and other sites. American Tower Corp on Monday agreed to buy U.S. data center operator CoreSite Realty Corp for $7.51 billion in cash to tap into a sector that has seen a boom in demand during the COVID-19 pandemic. A representative for American Tower, based in Boston, didn't want to say anything. BOSTON & DENVER--(BUSINESS WIRE)--Nov. 15, 2021-- American Tower Corporation (NYSE: AMT) (“American Tower”) and CoreSite Realty Corporation (NYSE: COR) (“CoreSite”) today announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash. American Tower, a provider of wireless communications infrastructure, has agreed to acquire CoreSite Realty, a US-based data centre operator, for around $10.1bn. The WSJ reports that CyrusOne is in advanced talks with at least two groups and could choose a buyer within days. October and Early November 2021: CoreSite provides American Tower and Party A with access to a virtual data room and due diligence materials. – CyrusOne. One group reportedly includes KKR and Global Infrastructure Partners, with another including Brookfield Asset Management Inc. Digital Realty declined to comment. American Tower Corp., one of Massachusetts' most valuable companies by market cap, will acquire data-center real estate investment trust CoreSite Realty Corp., the companies announced Monday morning. American Tower Corporation will acquire data center developer CoreSite for $10.1 billion, the companies announced this morning. American Tower Corp. agreed to buy CoreSite Realty Corp., valuing the data-center real estate investment trust at an enterprise value of about $10.1 billion including debt. The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s existing debt at … American Tower Corporation AMT has entered into a definitive agreement to acquire CoreSite Realty Corporation COR for roughly $10.1 billion. IHS Towers has signed agreements to acquire 5,709 telecommunication towers in South Africa from MTN, one of the leading mobile telecommunications operators in South Africa. American Tower has agreed to acquire CoreSite, a provider of data centre campuses, at USD 170 per share in cash, for a total of UAD 10.1 billion. Tom Bartlett, American Tower’s Chief Executive Officer stated, “We are thrilled to welcome CoreSite’s exceptional team to American Tower and are ready to work together to create long-term shareholder value. American Tower completed the acquisition of CoreSite through a merger of one of its wholly owned subsidiaries with and into CoreSite. The Denver-based company has more than 24 operating data center facilities in North America, leasing out space to companies that outsource some of their computing power. The tower infrastructure giant has agreed to acquire Coresite for $10.1B. The tender offer is being made in connection with the Agreement and Plan of Merger announced by American Tower and CoreSite on November 15, 2021. The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s … American Tower (AMT) bought CoreSite Realty (COR) for $10.1B which equates to $170 per share. American Tower completed the acquisition of CoreSite through a merger of one of its wholly owned subsidiaries with and into CoreSite. People familiar with the matter said an all-cash deal of about US$10 billion could be announced as early as this week, Bloomberg has … American Tower’s $10.1 billion acquisition of Denver-based CoreSite at $170 per share is expected to close by the end of 2021. CoreSite and American Tower did not immediately respond to requests for comment. CoreSite’s Chief Executive Officer, Paul Szurek, stated, “We are excited to partner with American Tower to expand its communications infrastructure ecosystem and accelerate its edge computing strategy through the addition of CoreSite’s differentiated portfolio of U.S. metro data center campuses. American Tower completed the acquisition of CoreSite through a merger of one of its wholly owned subsidiaries with and into CoreSite. The combined company will be ideally positioned to address the … The deal will likely close by the end of 2021 or at the beginning of 2022. American Tower will pay $170 per share and assume debt responsibilities. American Tower Corp. will acquire CoreSite Realty Corp. in a deal valued at $10.1 billion, the companies said Monday. American Tower completed the acquisition of CoreSite through a merger of one of its wholly owned subsidiaries with and into CoreSite. The tower operator will pay $170 per share for CoreSite, a slight premium to Friday’s closing price of $166, and will assume CoreSite’s debt. But $10 billion deal, 25 data centers, 21 cloud on-ramps, really interesting. American Tower Corp. agreed to buy CoreSite Realty Corp., valuing the data-center real estate investment trust at an enterprise value of about $10.1 billion including debt. The tender offer is being made in connection with the Agreement and Plan of Merger announced by American Tower and CoreSite on November 15, 2021. American Tower’s and CoreSite’s filings with the SEC are also available for free to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov. CoreSite has a data center colocation footprint spanning eight major metros in the US: Los Angeles, Silicon Valley, Denver, Chicago, New York, Boston, Washington, DC/NoVA and Miami. Real estate investment trust American Tower will buy data center provider CoreSite for an enterprise value of about $10.1 billion, the companies said Monday, in … American Tower and CoreSite announced that the two companies have entered into a definitive agreement to acquire CoreSite for $170.00 per share in cash. American Tower Corporation has closed its acquisition of CoreSite Realty Corporation. American Tower intends to promptly complete the acquisition of CoreSite … American Tower: Interconnection is Key to the Converged Digital Future By Rich Miller - November 16, 2021 1 Comment In buying CoreSite for $10.1 billion, American Tower says the business value of the edge is tied to the cloud, and will require connections that run through data centers at the core of the network. CoreSite brought in 3Q21 revenue of $162.9m, up 6.4% y/y and 1.1% q/q. The REIT has fully-committed bridge financing in place that could be used to help close the CoreSite transaction, although Moody's expects its permanent financing will include a mix of long-term unsecured debt and equity capital. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation into the Fairness of the Merger of CoreSite Realty Corporation with American Tower Corporation American Tower has completed the acquisition of CoreSite, a provider of data centre campuses, after the expiration of its tender for company's shares on 27 December. American Tower said today that it has closed its acquisition of CoreSite Realty, following the completion of its previously announced tender offer for outstanding shares of CoreSite common stock. BOSTON–American Tower Corporation and CoreSite Realty Corporation announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash. But $10 billion deal, 25 data centers, 21 cloud on-ramps, really interesting. American Tower is paying $170 per share in cash for CoreSite Realty. CoreSite will be transformative for its mobile edge computing ET by Barron's American Tower to Buy CoreSite for $10.1 Billion American Tower's and CoreSite's filings with the SEC are also available for free to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov. Corporate Headquarters American Tower Corporation BOSTON, December 28, 2021--American Tower Corporation (NYSE: AMT) ("American Tower") announced today the expiration of its previously announced tender offer for all outstanding shares of common stock of CoreSite Realty Corporation (NYSE: COR) ("CoreSite"). American Tower is a real-estate investment trust that has a portfolio of hundreds of thousands of communications towers and other sites. Out of 60 sectors in the Mergr database, internet software and services ranked 4 in number of deals in 2021.The largest internet software and services acquisition in 2021 was athenahealth - which was acquired by Hellman & Friedman for $17.0B.. Join Mergr to view all 934 acquisitions of internet … American Tower Corporation (NYSE: AMT) and CoreSite Realty Corporation (NYSE: COR) yesterday announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170 per share in cash. The American Tower was closing at $272.10, for a market value of about $124 billion. American Tower has acquired CoreSite for $10.1 billion. American Tower said it will spend $10.1 billion to buy CoreSite Realty, one of the nation's biggest operators of data centers. American Tower Commences Cash Tender Offer for All Outstanding Shares of CoreSite Yahoo Finance 11/29/2021 Reminder - American Tower (AMT) Goes Ex-Dividend Soon American Tower has completed the acquisition of CoreSite, a provider of data centre campuses, after the expiration of its tender for company's shares on 27 December. – CyrusOne. PR Newswire. Meanwhile, CoreSite matched the largest deal when it announced it was being purchased by American Tower, a real estate investment trust (REIT), for $10 billion. The American Tower purchase of CoreSite is expected to close by the end of the year, while the CyrusOne deal is forecast to close in the second quarter of 2022. CoreSite has a portfolio of data centers. American Tower Corporation will acquire data center developer CoreSite for $10.1 billion, the companies announced this morning. CoreSite shares … The deal, which will blend wireless communications and data center businesses, is expected to close by the end of 2021, or shortly thereafter, American Tower indicated. S&P 500 / 100 constituent American Tower Corp. (NYSE: AMT) is acquiring CoreSite Realty in a deal expected to be completed soon pending final closing conditions. The dividend payout ratio of American Tower is 95.27%. American Tower, the Fortune 500 communications infrastructure operator, has announced a $10.1 billion (£7.5bn) deal to buy data centre real estate company CoreSite Realty Corporation. On November 15, 2021, CoreSite announced that it had entered into an agreement to be acquired by American Tower in a deal valued at approximately $10.1 billion. Digital Realty declined to comment. The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s existing debt at closing, is … The total consideration for the transaction, including the assumption and/or repayment of CoreSite’s … American Tower, CoreSite Forge $10B Acquisition Deal. Find out how the deal will affect shareholders of AMT. CoreSite stock was up around 1:40 p.m. and American Tower stock was down. American Tower struck a deal to acquire CoreSite Realty (COR), valuing the latter at $10.1 billion. American Tower will acquire data center management company CoreSite in a deal valued at $10.1 billion, the companies announced Monday. The consideration includes the assumption and/or repayment of CoreSite’s existing debt at the time of closing of the deal. BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) (“American Tower”) today announced the commencement of the tender offer by its wholly owned indirect subsidiary, Appleseed Merger Sub LLC, for all outstanding shares of the common stock of CoreSite Realty Corporation (NYSE: COR) (“CoreSite”) at a price of $170.00 per share in … “The transaction is expected to create a differentiated, … BOSTON–American Tower Corporation and CoreSite Realty Corporation announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for $170.00 per share in cash. American Tower Corporation and CoreSite Realty Corporation have announced that they have entered into a definitive agreement through which American Tower will acquire CoreSite for US$10.1bn at US$170 per share. Accordingly, American Tower intends to promptly consummate the merger of Appleseed Merger Sub LLC with and into CoreSite on December 28, 2021, with CoreSite continuing as the surviving corporation and a wholly owned subsidiary of American Tower. The deal represents a bold move into the data center business for American Tower, which is the world’s largest owner of wireless infrastructure. CoreSite Realty Corporation (Name of Subject Company (Issuer)) Appleseed Merger Sub LLC (Offeror) American Tower Corporation. On November 15, American Tower announced plans to acquire CoreSite Realty Corp (NYSE:COR) for $170.00 per share, or approximately $10.1 billion in total. American Tower will acquire data center management company CoreSite in a deal valued at $10.1 billion, the companies announced Monday. 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