CyrusOne

The company’s new management will evaluate all key business aspects to “close the valuation gap” between itself and competitors.

Bruce Duncan has plenty of experience leading publicly traded REITs but no apparent data center experience.

While growing, the company, grappling with slow hyperscale demand, has taken a beating in the stock market.

The company says it’s cutting costs in response to slow hyperscaler demand.

EQT Partners and Digital Colony Partners also said to have partnered to pursue a potential deal for the company.

A bidder group including KKR, Stonepeak, and I Squared Capital is said to be in preliminary stages of weighing a bid for the company. Others interested too.

DCK Investor Edge: No signs of cloud leasing picking back up in second half, but long-term drivers still intact.