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Cincinnati Bell Inc's CyrusOne Inc Commences Initial Public Offering Of Common Stock

Tuesday, 8 Jan 2013 07:17am EST 

Cincinnati Bell Inc announced that CyrusOne Inc., wholly owned subsidiary that owns and operates Cincinnati Bell's data center business, has commenced the initial public offering of 16,500,000 shares of common stock. All of the shares of common stock are being offered by CyrusOne. The estimated price range for the initial public offering is $16.00 to $18.00 per share. The underwriters will be granted an option to purchase up to 2,475,000 additional shares of common stock from CyrusOne at the initial public offering price, less underwriting discounts and commissions. CyrusOne has applied to list common stock on the NASDAQ Global Select Market under the symbol CONE. Upon completion of this offering, Cincinnati Bell expects to effectively own approximately 71.6% of CyrusOne through interests in the outstanding shares of common stock of CyrusOne and interests in the common units of limited partnership interest of CyrusOne`s operating partnership, CyrusOne LP, which are exchangable into shares of common stock of CyrusOne. Morgan Stanley & Co. LLC and BofA Merrill Lynch are acting as joint-book runners for the offering. 

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