QTS shareholders finally approve $10bn Blackstone acquisition

Aug 27, 2021 | Posted by AbdulRahmanOladimeji

The shareholders of QTS Realty Trust have finally approved the Company’s acquisition by Blackstone. The deal is expected to be close before the end of August. The two companies first agreed on a deal in June. However, there was a 40-day period in which QTS was given to look for alternative offers. This period has now expired, which means Blackstone can now complete the deal.

After the stockholders of QTS voted to approve the sale of the Company, the CEO of QTS, Chad Williams, made a statement. He thanked the stockholders of the Company for their unwavering support. He also said the transaction would ensure immediate value to stockholders while putting QTS in a position better to serve its customers’ ever-growing data center infrastructure needs. The stockholders at QTS will receive $78 cash for each ordinary share. The deal is expected to close on August 31, 2021.

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