Starboard Value Acquisition Corp. (SVAC) to Combine with Cyxtera in $3.4Bn Deal

Starboard Value (NASDAQ:SVAC) has entered into a definitive agreement to combine with data center provider Cyxtera at an enterprise value of $3.4 billion, or 4.9x its 2020E revenue. Coral Gables, Florida-based Cyxtera provides retail data centers and interconnection services on three continents to about 2,300 clients. The combined entity is expected to trade under the
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