Blackstone's acquisition of QTS approved

Blackstone's acquisition of QTS approved


QTS shareholders have voted to approve its acquisition by Blackstone, the global alternative asset manager with US$684 billion in AUM.

Reported as a $10 billion transaction when news of the deal first broke in June it is the biggest merger in the history of the data centre industry.

“I thank our stockholders for their strong support of the transformative transaction with Blackstone, which will provide compelling, immediate and certain value to stockholders and position QTS to better serve customers’ expanding data centre infrastructure needs,” said Chad Williams, chairman and CEO of QTS. “With this significant milestone now behind us, we look forward to completing the transaction with Blackstone.”

Under the terms of the merger agreement QTS common stockholders will receive $78 in cash for each share of QTS common stock they own. Subject to the satisfaction or waiver of all of the conditions to the closing of the transaction in the merger agreement, the transaction is expected to be completed on August 31, 2021. Upon closing of the transaction, QTS’ common stock, Series A preferred stock and Series B preferred stock will no longer be listed on any public market.

The final voting results will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission after certification by QTS’ inspector of elections.


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