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QTS Realty Trust To Be Acquired By Blackstone Funds In $10 Bln Cash Deal

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

QTS Realty Trust (QTS), a provider of data center solutions, Monday said it has entered into a definitive agreement to be acquired by investment company Blackstone (BX) in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.

In pre-market activity on NYSE, QTS Realty Trust shares were gaining around 21 percent, and Blackstone shares were up 1 percent.

Under the deal, Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and other long-term perpetual capital vehicles managed by Blackstone will acquire all QTS Realty Trust stock for $78.00 per share.

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