(Bloomberg News) -- Equinix Inc. agreed to buy Telecity Group Plc for 2.35 billion pounds ($3.6 billion) to create a trans-Atlantic data-center operator, scuttling the U.K. company’s planned merger with Interxion Holding NV.
Equinix, based in Redwood City, California, is paying a mixture of cash and stock that equals 1,145 pence a Telecity share in a deal recommended by the target’s board, the companies said Friday. That’s 5 percent more than the stock’s latest closing price in London. The shares fell 0.4 percent to 1,086 pence in London at 10:26 a.m.
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