Zayo sets shareholder vote for acquisition deal
CEO Dan Caruso would get $22.2 million golden parachute
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) has set the date for shareholders to vote on whether or not to sell the company for $14.3 billion.
The Boulder-based bandwidth provider agreed to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund in May, which would take the company off the public markets.
The deal, if completed, would pay out $35 per share to stockholders. The two companies expect an approved acquisition to close sometime in the first half of 2020, according to filings with the U.S. Securities and Exchange…
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