By Carl O'Donnell
(Reuters) - Activist hedge fund Sachem Head Capital Management has written a letter to communications infrastructure provider Zayo Group Holdings 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 Blackstone Group LP 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 Carl 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.)