Interxion’s biggest shareholder Baker Capital supports Telecity takeover bid; Telecity chairman denies reports of interest from former CEO Mike Tobin
Interxion’s biggest shareholder Baker Capital is believed to support listed UK-based rival Telecity’s takeover bid for the datacenter business, The Daily Telegraph reported. The newspaper did not cite a source for the claim, which appeared in a longer article about Telecity’s GBP 1.4bn (EUR 1.89bn) bid for listed Netherlands-based Interxion, which was announced yesterday, 11 February.
The item quoted Telecity’s Executive Chairman John Hughes, who dismissed talk that the group had been holding talks with other potential bidders.
Hughes, quoted in a report in The Times, said talk of interest in Telecity from private equity firms led by former Telecity chief executive Mike Tobin were not true.
Separately, The Times reported that the deal announcement could smoke out other bidders. Equinix, a listed Californian data centre operator, could make an offer, the item said. The report quoted one unspecified source who said Equinix has consistently said it would intervene should Telecity and Interxion attempt a tie-up.
Source Daily Telegraph, The Times