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FAII N - Fortress Value Acquisition Corp II Key Developments reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
(Reuters) - Starboard Value Acquisition Corp s special-purpose acquisition company is discussing a merger deal with Cyxtera Technologies Inc that would value the data-center provider at around $3.4 billion including debt, the Wall Street Journal reported here on Sunday.
Cyxtera’s existing owners, including private-equity firms BC Partners and Medina Capital, are planning to roll their equity stakes into the combined firm, the report said, citing people familiar with the matter.
The deal could be finalized by Monday, assuming the talks don’t fall apart, the report said.
Starboard and Cyxtera did not immediately respond to Reuters requests for comments.
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BOLINGBROOK, Ill. and NEW YORK, Feb. 22, 2021 /PRNewswire/ Fortress Value Acquisition Corp. II ( FVAC II ) (NYSE: FAII), a special purpose acquisition company, and ATI Physical Therapy ( ATI or the Company ), a portfolio company of Advent International ( Advent ) and the largest single-branded outpatient physical therapy provider in the United States, announced today that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as ATI Physical Therapy, Inc. and remain NYSE-listed under a new ticker symbol. The transaction is expected to close in the second quarter of this year, subject to approval by FVAC II s stockholders and other customary closing conditions.
Starboard SPAC nears $3 4 billion merger deal for Cyxtera: WSJ reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.