8-KOther Events

DIGITAL REALTY TRUST, INC. 8-K Report, Corporate Update (Mar 12, 2020)

Filed March 12, 2020For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) announced the conclusion of its exchange offer for InterXion Holding N.V. (INXN) shares. The Subsequent Offering Period expired on March 12, 2020, with approximately 92.26% of INXN shares validly tendered and accepted for payment. This successful tender rate indicates a strong likelihood of DLR gaining significant control over INXN, paving the way for the post-offer reorganization as outlined in the original purchase agreement. Investors should note that this filing marks a significant step towards the completion of the acquisition. While the exchange offer is effectively over, DLR and its subsidiary Buyer anticipate promptly consummating the remaining aspects of the transaction. The company also included a standard forward-looking statements disclaimer, highlighting potential risks and uncertainties related to the integration and realization of expected synergies, which are important considerations for investors evaluating the long-term impact of this acquisition.

Key Highlights

  • 1Digital Realty Trust (DLR) announced the expiration of the Subsequent Offering Period for its exchange offer to acquire InterXion Holding N.V. (INXN) shares.
  • 2As of the expiration on March 12, 2020, approximately 92.26% of INXN's total outstanding shares were validly tendered.
  • 3DLR's subsidiary, Buyer, has accepted all validly tendered INXN shares for payment and expects to complete the payment promptly.
  • 4The exchange offer has concluded, and DLR anticipates proceeding with the post-offer reorganization as per the purchase agreement.
  • 5This filing signifies a crucial step towards the full integration of InterXion into Digital Realty's operations.
  • 6The company included a cautionary note regarding forward-looking statements, outlining potential risks associated with the transaction's completion and integration.

Frequently Asked Questions

The exchange offer for INXN shares has concluded. Approximately 92.26% of the total outstanding INXN shares were validly tendered and accepted for payment by DLR's subsidiary, Buyer. DLR expects to promptly pay for these tendered shares.

With the exchange offer concluded, DLR and its subsidiary Buyer now expect to promptly consummate the post-offer reorganization as outlined in the original purchase agreement. This suggests the transaction is moving towards full completion and integration.

This filing indicates a very significant step towards completion, with a substantial majority of INXN shares acquired through the exchange offer. The next phase is the 'post-offer reorganization,' which DLR expects to consummate promptly, bringing the acquisition closer to finalization.

The filing includes a disclaimer about forward-looking statements, highlighting potential risks such as legal or regulatory proceedings, costs of consummation, failure to realize expected synergies, integration difficulties, disruption of business relationships, and adverse market or credit conditions. Investors are advised to review DLR's SEC filings for a more comprehensive discussion of these risks.