Cleary Gottlieb is representing Bank of America Merrill Lynch and Citibank Global Markets as financial advisors to the Board of Directors of Digital Realty Trust in connection with its merger with Dupont Fabros Technology in a stock-for-stock transaction.
Under the terms of the merger agreement, each share of Dupont Fabros common stock will be exchanged for 0.545 of a share of Digital Realty common stock. The deal is valued at about $7.6 billion, including $1.6 billion of assumed debt, excluding transaction costs.
The merger is expected to close in the second half of 2017 and is subject to customary closing conditions, including approval of both Digital Realty and Dupont Fabros stockholders.
Digital Realty Trust is a leading provider of data center, colocation and interconnection solutions.