Atlanta, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that its Board of Directors has appointed Venkatesh ("Tesh") S. Durvasula, as a member of the Board, effective August 1, 2022. Durvasula will serve as an independent director of the Company and as a member of the Capital Committee of the Board. Durvasula is currently the Chief Executive Officer ("CEO") and member of the board of directors of Africa Data Centres, a London-based, Cassava Technology company responsible for the executive leadership of a $1.5 billion data center and renewable energy business on the continent of Africa. Prior to joining Africa Data Centres, Durvasula was C

Seasoned industry finance executive appointed as CFO for innovative data center infrastructure company Quantum Loophole, Inc., an innovative developer of first-of-its-kind Gigawatt-scale master planned data center communities, today announces that Rick Keiner has been named Chief Financial Officer. The move comes as Quantum Loophole enters a period of heightened activity and progress at Quantum Frederick, the inaugural site offering mass scale and speed to market for data center development including in land, power, water, and network located in Frederick County, Maryland. Rick brings two decades of extensive experience in high growth environments improving processes, reporting and profit

NEW YORK, March 25, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Chart Industries Inc. (NYSE:GTLS) will replace CyrusOne Inc. (NASD: CONE) in the S&P MidCap 400, and Sonos Inc. (NASD: SONO) will replace Chart Industries in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 30. Global Infrastructure Partners acquired CyrusOne in a deal that closed today.Embecta Corp. (NASD: EMBC) will replace Barnes & Noble Education Inc. (NYSE:BNED) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 4. S&P 500 constituent Becton Dickinson & Co.

CyrusOne Inc. (NASDAQ:CONE) (the "Company" or "CyrusOne") today announced the completion of its acquisition by funds managed by KKR, a leading global investment firm, and Global Infrastructure Partners ("GIP"), one of the world's leading infrastructure investors, in an all-cash transaction valued at approximately $15 billion, including the assumption of debt (the "Transaction"). The Company also announced, effective today, that trading of its shares of common stock has been suspended on the NASDAQ Global Select Market ("Nasdaq"), and that CyrusOne has requested that its common stock be delisted from Nasdaq. "Closing this transaction begins an exciting new chapter for CyrusOne as we continu

CyrusOne Inc. (NASDAQ:CONE) ("CyrusOne"), a premier global data center REIT, today announced it has closed the previously announced sale of its four Houston data center assets to DataBank Holdings Ltd. ("DataBank"). Additionally, CyrusOne will lease the Houston West III shell to support a lease signed with a hyperscale customer. Total consideration for the transaction is approximately $670 million, subject to a net working capital adjustment. "We are excited to close this transaction as we execute on our capital recycling initiative to fund our continued growth," said David Ferdman, Interim President & Chief Executive Officer. "We are pleased to partner with the DataBank team, and this div

Signed $104.3 Million in Annualized GAAP Revenue and 101 Megawatts in 4Q'21 CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced fourth quarter and full year 2021 earnings. Highlights Category 4Q'21 vs. 4Q'20 FY'21 vs. FY'20 Revenue $318.4 million 19% $1,205.7 million 17% Net (loss) income $(7.0) million n/m $25.3 million (39)% Adjusted EBITDA $148.4 million 9% $579.8 million 8% Normalized FFO $123.9 million 8% $494.4 million 8% Net (loss) income per diluted common share $(0.06) n/m $0.20 (43)% Normalized FFO per diluted common share $0.97 3% $3.99

CyrusOne Inc. (NASDAQ:CONE), a premier global data center real estate investment trust (REIT), today announced it has achieved 100% renewable power at the company's Dallas, TX headquarters and added the site to CyrusOne's existing net water positive building portfolio. The headquarter offices will be CyrusOne's first location that is both 100% renewable energy and net water positive. The move to renewable energy and water stewardship at its company headquarters is part of a broader effort by CyrusOne to deliver highly efficient, resilient, and sustainable infrastructures to its customers. "Our headquarters sustainability achievement is a glimpse of CyrusOne's sustainable future," said Davi

CyrusOne Inc. (NASDAQ:CONE), a premier global data center real estate investment trust (REIT), today announced that Anthony Rizzo has been hired to serve as Vice President, Public Sector for CyrusOne. Based in Northern Virginia, Anthony brings over 20 years of experience in data center public sector and infrastructure solutions to CyrusOne. In his role, he will lead CyrusOne's public sector and federal team in Northern Virginia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220203005071/en/Anthony Rizzo (Photo: Business Wire) Before joining CyrusOne, Anthony served as Managing Partner at CPG Beyond, LLC, collaborating directly w

CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced that it will issue results for the fourth quarter 2021 after the market closes on Wednesday, February 16, 2022. As a result of the previously announced definitive merger agreement pursuant to which KKR and GIP will acquire all outstanding shares of common stock of CyrusOne in an all-cash transaction, the Company will not conduct a fourth quarter 2021 earnings conference call. As announced on February 1, the proposal to approve the merger, the merger agreement and the other transactions contemplated by the merger agreement was approved by CyrusOne stockholders. About CyrusOne CyrusOne (NASDAQ:CONE) is a premier

CyrusOne Inc. (NASDAQ:CONE) (the "Company" or "CyrusOne"), a premier global data center REIT, today announced its stockholders approved the previously announced merger pursuant to which funds managed by KKR, a leading global investment firm, and Global Infrastructure Partners ("GIP"), one of the world's leading infrastructure investors, will acquire all outstanding shares of common stock of the Company. At a virtual special meeting held today, the proposal to approve the merger, the merger agreement and the other transactions contemplated by the merger agreement was approved by 78.41% of the common stock outstanding and entitled to vote, and more than 99.5% of the votes cast. Detailed infor

Citigroup resumed coverage of CyrusOne with a rating of Neutral and set a new price target of $90.50

TD Securities downgraded CyrusOne from Hold to Tender and set a new price target of $90.50

Jefferies downgraded CyrusOne from Buy to Hold and set a new price target of $90.50 from $88.00 previously

Credit Suisse reiterated coverage of CyrusOne with a rating of Neutral and set a new price target of $90.50 from $83.00 previously

Stifel downgraded CyrusOne from Buy to Hold and set a new price target of $90.00

Deutsche Bank downgraded CyrusOne from Buy to Hold and set a new price target of $90.50 from $85.00 previously

RBC Capital downgraded CyrusOne from Outperform to Sector Perform and set a new price target of $90.00 from $82.00 previously

BMO Capital downgraded CyrusOne from Outperform to Market Perform and set a new price target of $90.50 from $90.00 previously

Raymond James downgraded CyrusOne from Outperform to Market Perform and set a new price target of $87.00

William Blair downgraded CyrusOne from Outperform to Market Perform

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TEMPE, Ariz., June 24, 2021 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE:BHE) today announced the appointment of Lynn Wentworth as an independent director to the Company's Board of Directors, effective June 25, 2021.  Benchmark also announced today the resignation of Merilee Raines, who has served as a board member since 2018, also effective June 25, 2021.  "On behalf of the entire board, I want to thank Merilee for her contributions to Benchmark, where she has served as a valued member of the Audit Committee, and we wish her all the best in her future endeavors," said D

Signed $104.3 Million in Annualized GAAP Revenue and 101 Megawatts in 4Q'21 CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced fourth quarter and full year 2021 earnings. Highlights Category 4Q'21 vs. 4Q'20 FY'21 vs. FY'20 Revenue $318.4 million 19% $1,205.7 million 17% Net (loss) income $(7.0) million n/m $25.3 million (39)% Adjusted EBITDA $148.4 million 9% $579.8 million 8% Normalized FFO $123.9 million 8% $494.4 million 8% Net (loss) income per diluted common share $(0.06) n/m $0.20 (43)% Normalized FFO per diluted common share $0.97 3% $3.99

CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced that it will issue results for the fourth quarter 2021 after the market closes on Wednesday, February 16, 2022. As a result of the previously announced definitive merger agreement pursuant to which KKR and GIP will acquire all outstanding shares of common stock of CyrusOne in an all-cash transaction, the Company will not conduct a fourth quarter 2021 earnings conference call. As announced on February 1, the proposal to approve the merger, the merger agreement and the other transactions contemplated by the merger agreement was approved by CyrusOne stockholders. About CyrusOne CyrusOne (NASDAQ:CONE) is a premier

CyrusOne Inc. (NASDAQ:CONE) (the "Company" or "CyrusOne"), a premier global data center REIT, today announced its stockholders approved the previously announced merger pursuant to which funds managed by KKR, a leading global investment firm, and Global Infrastructure Partners ("GIP"), one of the world's leading infrastructure investors, will acquire all outstanding shares of common stock of the Company. At a virtual special meeting held today, the proposal to approve the merger, the merger agreement and the other transactions contemplated by the merger agreement was approved by 78.41% of the common stock outstanding and entitled to vote, and more than 99.5% of the votes cast. Detailed infor

CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced the tax allocations of 2021 distributions on shares of its common stock. The allocation of the 2021 distributions totaling $2.05 per common share for purposes of 2021 Form 1099-DIV reporting has been determined to be 2.710% ($0.055546 per share) taxable ordinary dividends qualifying under IRC Section 199A, 16.182% ($0.331735 per share) capital gain distributions, and 81.108% ($1.662718 per share) non-dividend distributions (also known as return of capital). The table below contains the information regarding distributions on a quarterly basis. CyrusOne Inc. Common Shares (NASDAQ:CONE) CUSIP: 23283R100

CyrusOne Common Stockholders to Receive $90.50 Per Share in Cash, Representing a Premium of 25% to CyrusOne's Closing Stock Price of $72.57 on September 27, 2021 CyrusOne Inc. (NASDAQ:CONE) (the "Company" or "CyrusOne"), a premier global data center REIT, KKR, a leading global investment firm, and Global Infrastructure Partners ("GIP"), one of the world's leading infrastructure investors, today announced a definitive agreement pursuant to which KKR and GIP will acquire all outstanding shares of common stock of CyrusOne for $90.50 per share in an all-cash transaction valued at approximately $15 billion, including the assumption of debt. The $90.50 per share purchase price reflects a premiu

Signed $37.8 Million in Annualized GAAP Revenue and 20 Megawatts in 3Q'21 CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced third quarter 2021 earnings. Highlights Category 3Q'21 vs. 3Q'20 Revenue $304.1 million 16% Net income $6.7 million n/m Adjusted EBITDA $149.2 million 13% Normalized FFO $127.2 million 11% Net income per diluted common share $0.05 n/m Normalized FFO per diluted common share $1.02 6% Leased 20 megawatts ("MW") and 100,000 colocation square feet ("CSF") in the third quarter, totaling $37.8 million in annualized GAAP revenue Includes $26.8 million in annualize

CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced that it will hold its third quarter 2021 results conference call at 11:00 AM Eastern Time (10:00 AM Central Time) on Thursday, October 28, 2021. David Ferdman, Interim President and Chief Executive Officer, and Katherine Motlagh, Chief Financial Officer, will review the company's financial performance for the period. The U.S. toll-free dial-in number for the conference call is 1-844-492-3731, and the international dial-in number is 1-412-542-4121. A live webcast of the conference call will be available in the "Investors / Events & Presentations" section of the company's website at http://investor.cyrusone.com/e

Signed $41.8 Million in Annualized GAAP Revenue and 21 Megawatts in 2Q'21 CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, today announced second quarter 2021 earnings. Highlights Category 2Q'21   vs. 2Q'20 Revenue $284.6 million   11% Net income $7.4 million   (84)% Adjusted EBITDA $141.9 million   4% Normalized FFO $123.1 million   4% Net income per diluted common share $0.06   (85)% Normalized FFO per diluted common share $1.00   (3)% Leased 21 megawatts ("MW") and 345,000 colocation square feet ("CSF") in the second quarter, totaling $41.8 million in annualized GA

Director David Ferdman, Company Co-founder and former CEO, to act as interim President & CEO Bruce Duncan and Company to separate CyrusOne, a premier global data center REIT, today announced the appointment of company Director David ("Dave") Ferdman, the Company's co-founder and former CEO, as interim President & Chief Executive Officer effective immediately following the filing of CyrusOne's Form 10-Q for the fiscal quarter ended June 30, 2021 (the "Transition Date"). This appointment follows the Board of Directors separating with Bruce Duncan as President & Chief Executive Officer, and his resignation as a Director of the Company, effective on the Transition Date. Mr. Ferdman will serve

DALLAS--(BUSINESS WIRE)--CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced fourth quarter and full year 2020 earnings. Highlights Category 4Q’20 vs. 4Q’19 FY’20 vs. FY’19 Revenue $268.4 million 6% $1,033.5 million 5% Net income (loss) $19.0 million n/m $41.4 million -% Adjusted EBITDA $135.9 million (1)% $537.1 million 5% Normalized FFO $114.3 million 1% $459.4 million 12% Net income (loss) per diluted common share $0.15 n/m $0.35 (3)% Normalized FFO per diluted common share $0.94 (5)% $3.90 7% Leased

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