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Exclusive: Activist Sachem Head pushes Zayo to explore sale - sources

Reuters 

By O'Donnell

(Reuters) - Activist hedge fund has written a letter to provider urging it to explore a sale, according to people familiar with the matter.

The letter, sent to the company this week, comes after Zayo has rejected acquisition offers from a private equity consortium including and Stonepeak Infrastructure Partners LP, the sources added, asking not to be named because the matter is private.

Sachem Head has not threatened to launch a proxy fight but that option remains on the table, the people said.

Sachem Head declined to comment. Zayo could not be reached for comment.

(Reporting by O'Donnell; additional reporting by Liana B. Baker; Editing by Dan Grebler)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 04:27 IST
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