Strategic Transaction Establishes Combined Company as Leading Global Provider of Data Center Solutions with Enhanced Presence in Major European Metro Areas
Digital Realty, a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced it has completed the previously announced combination with InterXion. The transaction was consummated promptly following expiration of the related exchange offer at 12:01 a.m. EDT on March 12, 2020, in which 70,862,736 shares of InterXion, representing approximately 92.3% of total shares outstanding, were tendered.
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“We are pleased to have closed our combination with InterXion,” said Digital Realty Chief Executive Officer A. William Stein. “This powerful combination builds upon Digital Realty’s established foundation of serving market demand for colocation, scale and hyperscale requirements in the Americas, EMEA and Asia Pacific and leverages InterXion’s European colocation and interconnection expertise, enhancing the combined company’s capabilities to enable customers to solve for the full spectrum of data center requirements across a global platform. The combination of our two organizations establishes a global platform that we believe will significantly enhance our ability to create long-term value for customers, shareholders and employees of both companies.”
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Treatment of Untendered Shares of InterXion
Since less than 95% of Interxion’s total shares outstanding were acquired in the exchange offer, non-tendering holders of InterXion shares will receive shares of Digital Realty common stock (and/or cash in lieu of fractional shares of Digital Realty common stock) pursuant to a liquidation distribution, which is generally subject to a 15% Dutch dividend withholding tax. In addition, shares held by non-tendering InterXion shareholders will no longer be tradable on any stock exchange and are subject to transfer restrictions, including requiring a Dutch notarial deed of transfer.