AboveNet (ABVT) +13.5% premarket after agreeing to be bought by Zayo Group for ~$2.2B. Zayo will...

|By:, SA News Editor

AboveNet (ABVT) +13.5% premarket after agreeing to be bought by Zayo Group for ~$2.2B. Zayo will pay $84.00/share in cash for ABVT, a 13% premium over last Friday's closing price. As part of the deal, GTCR, a Chicago-based P-E firm, will make an equity investment in Zayo.