Zayo Announces Definitive Agreement To Be Acquired By Digital Colony And Eqt

Withdrawal Agreement Brexit Financial Services
October 16, 2021

Under the terms of the agreement, which was unanimously approved by Zayo`s Board of Directors, shareholders will receive $35.00 in cash per share of Zayo`s common shares in a transaction valued at $14.3 billion, including the acquisition of $5.9 billion of Zayo`s net debt securities. The offer price represents a 32% premium to the volume weighted average of $26.44 over the past six months. Under the terms of the merger agreement approved by Zayo shareholders at a special meeting on July 26, 2019, Zayo shareholders will receive $35 in cash per Zayo common share. Following the closing of the transaction, Zayo is now a private company and its common shares have ceased trading on the New York Stock Exchange. Shares of Colonnade Acquisition Corp. rose 46.2 percent in morning trading Tuesday to accelerate winners on the New York Stock Exchange after the special purpose acquisition company (SPAC), or “blank check,” announced a merger deal that will make lidar sensor maker Ouster Inc. public. Under the terms of the deal, which involves an equity value for Ouster of approximately $1.9 billion, Ouster will generate gross proceeds of up to $300 million. The proceeds will be used to develop and manufacture Ouster`s digital lidar sensors, which provide 3D vision to robots and autonomous vehicles. Once the reverse merger is complete, the company will operate under the name Ouster Inc. and the stock is expected to remain listed on the Nasdaq stock exchange, but under the new ticker symbol “OUST”.

The deal comes at a time when shares of sensory lidar maker Luminar Technologies Inc., which went public earlier this month through a SPAC merger, have more than doubled this month (a high of 108.0), while the S&P 500 is up 2.0%. For more information on all the terms of the definitive merger agreement, please refer to the Company`s Form 8-K filed in connection with this transaction. Participant in the Solicitation This press release does not constitute a request by a shareholder for a proxy in respect of the proposed merger. However, the Company and its directors and officers may be considered participants in obtaining proxies from the Company`s shareholders in connection with the proposed merger. Investors and securityholders may obtain more detailed information about the names, affiliations and interests of the Company`s officers and directors in connection with the solicitation by consulting the Company`s Annual Report on Form 10-K for the year ended June 30, 2018, the Company`s final proxy circular set out in Schedule 14A for the 2018 Annual General Meeting, and the proxy circular and other relevant documents. filed with the SEC in connection with the merger. if and when they become available. Additional information about the interests of the Company`s participants in the solicitation, which in some cases may differ from those of the Company`s shareholders generally, will be set forth in the Proxy Statement regarding the Merger as soon as it becomes available. You may receive free copies of these documents filed with the SEC or filed with the SEC, as described in the preceding paragraph.

All of these documents, if filed or provided, are available free of charge on the SEC`s website at www.sec.gov address or by contacting the Company`s Investor Relations Department. About Zayo Zayo Group Holdings, Inc. (NYSE: ZAYO) provides critical bandwidth to the world`s most influential companies and drives innovations that change our society. Zayo`s 130,000-mile network in North America and Europe includes extended metro connectivity to thousands of buildings and data centers. Zayo`s communications infrastructure solutions include dark fiber, private data networks, wavelengths, Ethernet, dedicated internet access, and colocation services. Zayo owns and operates a Tier 1 IP backbone and 51 carrier-neutral data centers. .