U.S. communications infrastructure provider Zayo said on Wednesday it agreed to be sold to investment firms Digital Colony Partners and EQT in a deal valued at $14.3 billion.
The deal value of $35 per share in cash is at a premium of 14.3% to Zayo's closing price on Tuesday.
Shares of Zayo leapt 9% in premarket trading following the announcement.
—CNBC contributed to this report.
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