Zayo responds to activist investor requests for sale
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) has responded to activist investor requests that the telecom company consider a sale, saying it welcomes the views of shareholders and is in active dialogue with many of its top investors.
Zayo issued the response in a letter, which was spurred by a letter sent by Starboard Value LP, an activist hedge fund with 4 percent stake in Zayo.
Starboard said it saw a sale as the best option for shareholders if it were done in a “purely objective way” that excluded possible conflicts of interest such…
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