ABRY Buys Q9 Networks

8/25/08Follow @wroush

Toronto, Ontario-based Q9 Networks, a data center operator, said today that it has agreed to be acquired by CDC Acquisition Corp., an affiliate of ABRY Partners, a Boston private equity firm focused on media and communications investments. The purchase price of approximately $361 million in Canadian dollars, or $17.05 per share, represents a 38 percent premium over Q9′s 30-day trading average on the Toronto Stock Exchange.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

By posting a comment, you agree to our terms and conditions.