Zayo Group To Buy AboveNet For $2.2B

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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&Amerger and acquisition
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!