Zayo (ZAYO, $33.13) to go private in $14.3 billion deal; shares jump +9% on news

Zayo Group shares surged +9.2% during premarket Wednesday, following news of the Fiber network infrastructure company going private.

As part of a $14.3 billion deal,  private-equity firms Digital Colony and EQT will pay $35 per share in cash for the company (which marks a 14.3% premium over Zayo's Tuesday closing price) and assume $5.9 billion of debt. Zayo operates a 130,000-mile data network in North America and Europe, spanning thousands of buildings and data centers.

For Stockholm-based investment firm EQT, the deal would be its largest transaction in its 25-year history.

The deal is expected to close in the first half of 2020, subject to regulatory clearance and approval by Zayo shareholders.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.