Zayo Group (NYSE:ZAYO) is jumping after hours, +8.6%, on a new reheat of buyout chatter.
That preliminary interest might not result in a bid, though.
Firms including Blackstone, Stonepeak, KKR, I Squared, GTCR and Charlesbank have been linked to talk of purchasing Zayo in the low to mid $30s per share, though an IRR in the low teens is a hurdle as it's lower than most private-equity firms are accustomed to seeing.
Zayo Group closed today at $26.70.
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