InfraCompute / Investments
Digital Realty merges with DuPont Fabros
M&A · DuPont Fabros Technology · US$7.6bn, 14 September 2017.
Key terms
- Company
- DuPont Fabros Technology
- Date
- 14 September 2017
- Type
- M&A
- Value
- US$7.6bn
- Status
- Completed
- Region
- US
What happened
Digital Realty completed its all-stock merger with wholesale data centre REIT DuPont Fabros, exchanging 0.545 Digital Realty shares for each DuPont Fabros share.
Recorded terms
- Exchange ratio
- 0.545 Digital Realty shares per DuPont Fabros share
- Equity consideration
- About US$6.2bn at completion
- Value basis
- About US$7.6bn at announcement (June 2017), including US$1.6bn of assumed debt; all-stock
- Segment
- Data centres
Parties
More investments
Filed agreement terms
From the Agreement and Plan of Merger (Exhibit 2.1) filed on SEC EDGAR, signed 8 June 2017.
- Consideration
- 0.545 Digital Realty shares per share
- Target termination fee
- US$150m
- Buyer termination fee
- US$300m
- Outside date
- 15 November 2017
For counsel on a deal like this
M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- Digital Realty Form 10-K 2018 (DFT merger completed 14 September 2017)Source date: 2019
- DCD: Digital Realty completes DuPont Fabros mergerSource date: September 2017
About this record
Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.
