OVERLAND PARK, Kan.,
Aug. 26, 2021 /PRNewswire/
-- QTS Realty Trust (NYSE: QTS) ("QTS" or "the Company") today
announced that, at a Special Meeting of Stockholders held earlier
today, QTS stockholders voted to approve the acquisition of QTS by
affiliates of Blackstone Infrastructure Partners, Blackstone Real
Estate Income Trust, Inc. and Blackstone Property Partners.
"I thank our stockholders for their strong support of the
transformative transaction with Blackstone, which will provide
compelling, immediate and certain value to stockholders and
position QTS to better serve customers' expanding data center
infrastructure needs," said Chad
Williams, Chairman and CEO of QTS. "With this significant
milestone now behind us, we look forward to completing the
transaction with Blackstone."
Under the terms of the merger agreement announced on
June 7, 2021, QTS common stockholders
will receive $78.00 in cash for each
share of QTS common stock they own. Subject to the satisfaction or
waiver of all of the conditions to the closing of the transaction
in the merger agreement, the transaction is expected to be
completed on August 31, 2021. Upon
closing of the transaction, QTS' common stock, Series A preferred
stock and Series B preferred stock will no longer be listed on any
public market.
The final voting results will be reported in a Current Report on
Form 8-K to be filed with the Securities and Exchange Commission
after certification by QTS' inspector of elections.
About QTS
QTS Realty Trust, Inc. (NYSE: QTS) is a
leading provider of data center solutions across a diverse
footprint spanning more than 7 million square feet of owned mega
scale data center space within North
America and Europe. Through
its software-defined technology platform, QTS is able to deliver
secure, compliant infrastructure solutions, robust connectivity and
premium customer service to leading hyperscale technology
companies, enterprises, and government entities. Visit QTS at
www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow on
Twitter @DataCenters_QTS.
About Blackstone
Blackstone is the world's largest
alternative asset manager. We seek to create positive economic
impact and long-term value for our investors, the companies we
invest in, and the communities in which we work. We do this by
using extraordinary people and flexible capital to help companies
solve problems. Our $684 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
QTS Investor Relations Contact:
Stephen Douglas
EVP Finance
Ir@qtsdatacenters.com
QTS Media
Contact:
Carter B. Cromley
(703) 861-8245
carter.cromley@qtsdatacenters.com
or
Andrew Siegel / Viveca Tress / Lucas
Pers
Joele Frank
(212) 355-4449
Blackstone Media Contacts:
Paula Chirhart
(347) 463-5453
Paula.Chirhart@blackstone.com
or
Jeffrey Kauth
(212) 583-5395
Jeffrey.Kauth@Blackstone.com
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SOURCE QTS Realty Trust, Inc.
