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CoreSite Realty gains after report it's exploring options after approach (update)

Nov. 09, 2021 11:41 AM ETAmerican Tower Corporation (AMT), DLRCONEBy: Joshua Fineman, SA News Editor5 Comments

Data center corridor 3d rendering

Galina Shafran/iStock via Getty Images

  • Update 1:55pm: Updates shares, adds Citi analyst comment.
  • Data center operator CoreSite Realty (NYSE:COR) jumped almost 5% after a report that the company is exploring options after getting acquisition interest.
  • CoreSite has been approached by

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Comments (5)

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ComputerBlue profile picture
Doubt anyone buy's COR after todays move...esp when they can go buy CONE at todays price.
@ComputerBlue Can they though? What happens to the CONE price if word gets out that they've been approached by potential buyers and are exploring options? I own a bit of both and wouldn't be surprised if they both are bought out eventually, but kind of doubt either will go as cheaply and easily as when BX bought out QTS.
ComputerBlue profile picture
@VideoUser theyve had rumors on/off this year..better value than COR today.
@ComputerBlue Maybe they only want a North American footprint with good organic growth and strong interconnect? CONE has been for sale for years but has yet to find a buyer.

Held CONE and COR for long time but sold both on previous buyout rumors. I think you are better off holding the potential acquirer and for me that has been Blackstone.
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