NewJerichoMan
3 years ago
$170 Offer from American Tower!
"This filing relates solely to preliminary communications made before the commencement of a tender offer by Appleseed Merger Sub LLC, a Maryland limited liability company (βPurchaserβ) and wholly owned subsidiary of American Tower Corporation (the βCompanyβ), to acquire all of the outstanding shares of common stock, par value $0.01 per share (βSharesβ), of CoreSite Realty Corporation, a Maryland corporation (βCoreSiteβ), at a purchase price of $170.00 per Share, without interest and subject to any applicable withholding of taxes, net to the seller in cash, pursuant to the Agreement and Plan of Merger, dated as of November 14, 2021, by and among the Company, Purchaser, CoreSite and the other parties thereto."
NewJerichoMan
3 years ago
Consolidation is thy friend!
https://finance.yahoo.com/news/exclusive-data-center-operator-coresite-164137817.html
By Greg Roumeliotis and David French
(Reuters) - CoreSite Realty Corp, a U.S. data center operator with a market value of more than $8 billion, is working with an investment bank to explore its options after attracting acquisition interest, people familiar with the matter said.
CoreSite has been approached by companies that include American Tower Corp and Digital Realty Trust Corp, as well as private equity firms, the sources said. There is no certainty that CoreSite will successfully negotiate a deal with any party, the sources added.
The sources requested anonymity because the matter is confidential. CoreSite and American Tower did not immediately respond to requests for comment. Digital Realty declined to comment.
Based in Denver, CoreSite has more than 25 operating data center facilities in North America, leasing out space to companies that outsource some of their computing power. It started off as a company of private equity firm Carlyle Group Inc and became publicly listed a decade ago.
CoreSite shares are up 28% year-to-date, outperforming the benchmark U.S. S&P 500 Index, as remote working during the COVID-19 pandemic fueled demand for more processing power and data storage in corporate networks.
whytestocks
6 years ago
News: $COR CoreSite Schedules Second-Quarter 2019 Earnings Conference Call
CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced it will host its second quarter 2019 earnings call on Thursday, July 25, 2019, at 12:00 p.m. (Eastern time), and will...
Got this from https://marketwirenews.com/news-releases/coresite-schedules-second-quarter-2019-earnings-conference-call-8447014.html
Penny Roger$
13 years ago
CoreSite Realty Corporation is an owner, developer and operator of strategically located data centers in some of the growing data center markets in the United States, including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago and New York City. Its data centers feature ample and redundant power, advanced cooling and security systems and many are points of dense network interconnection. It leases its space to a customer base ranging from enterprise customers to less space-intensive, more network-centric customers. As of December 31, 2009, its largest customer represented approximately 5.7% of its annualized rent. As of December 31, 2009, its property portfolio included 10 operating data center facilities, one data center under construction and one development site, which comprise over two million net rentable square feet, of which approximately one million NRSF is existing data center space. The Company focuses on becoming a real estate investment trust.
http://www.google.com/finance?q=COR