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Bandwith Solutions Company being bought for 2.2 BN

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Mon, 19 Mar 12 4:19 PM | 331 view(s)
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Zayo buying AboveNet for about $2 bln, 13% premium


NEW YORK MarketWatch) -- AboveNet Inc. ABVT +13.72% said on Monday that it has agreed to be bought by Zayo Group LLC for about $2.2 billion. Zayo will pay $84.00 per share in cash for AboveNet, a 13% premium over AboveNet's closing price last Friday. As part of the deal, GTCR, a Chicago-based private equity firm, will make an equity investment in Zayo.




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