Texas-based real estate investment trust (REIT) CyrusOne (CONE) is exploring sale options after facing renewed pressure from investors to address its heavy management turnover and slow financial performance, a report published by Reuters stated. Shares of the company rose nearly 7% on Tuesday but slipped around 1% in extended trade to close at $76.85. CyrusOne is working with Morgan Stanley (MS) to review its strategic alternatives. The company provides data center facilities and has around 1,000 customers including enterprises, network operators, cloud providers and supporting service providers. It runs over 50 data centers across the world.
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CyrusOne (NASDAQ:CONE)
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