Zayo Group To Buy AboveNet For $2.2B

by Lisa Levin, Benzinga Editor
March 19, 2012 9:16 AM | 14 seconds read |
Zayo Group LLC agreed to acquire AboveNet Inc ABVT for around $2.2 billion in cash. The offer price of $84 per share represents a 13% premium over AboveNet's closing price on Friday. ABVT shares surged 13.70% to $84.42 in pre-market trading.
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