Cyxtera Technologies, the data-center operator that merged last year with blank-check firm Starboard Value Acquisition, is exploring strategic options including a sale, Bloomberg reports, citing people with knowledge of the matter.
Starboard shareholders approved the deal last July, although heavy redemptions caused a shortfall in the SPAC’s trust acount.
Cyxtera agreed to waive the minimum cash condition so long as the proceeds were in excess of $369 million. Read more.
