CyrusOne Stockholders Approve Acquisition By KKR And Global Infrastructure Partners

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 information regarding the voting results will be made available by the Company in a Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC").

"Today's vote and approval by CyrusOne stockholders is a reflection of the significant value and resources KKR and GIP will provide for CyrusOne and its customers as the company continues to scale globally," said Lynn Wentworth, Chair of the CyrusOne Board of Directors. "KKR and GIP will provide resources and expertise to accelerate CyrusOne's ability to help our customers scale their mission-critical infrastructure, and we are excited for the road ahead."

Upon the closing of the merger, each issued and outstanding share of common stock of the Company will be converted into the right to receive $90.50 in cash in a transaction valued at approximately $15 billion, including the assumption of debt. Subject to the satisfaction of customary closing conditions, the merger is expected to close in the second quarter of 2022. The terms and conditions of the merger are further described in a Form 8-K filed with the SEC on November 15, 2021 and the Definitive Proxy Statement filed with the SEC on December 30, 2021.