Cyxtera Agrees to Merge With Publicly Listed Starboard Value Acquisition Corp. in $3.4 Billion Transaction
About Starboard Value Acquisition Corp.
Starboard Value Acquisition Corp. (SVAC) is a newly incorporated blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While SVAC may pursue an acquisition opportunity in any industry or sector, it intends to focus on industries that align with the background and experience of our sponsor and industry advisors. These industries include the technology, healthcare, consumer, industrials, and hospitality & entertainment sectors.
We are sponsored by SVAC Sponsor LLC, an affiliate of Starboard Value LP. Starboard is an investment adviser with a focused and fundamental approach to investing in publicly traded U.S. companies. Starboard seeks to invest in undervalued companies and actively partner with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. The Starboard Value investment strategy launched in 2002. Starboard spun-off in March 2011 and has subsequently operated independently. Starboard’s team of more than 25 professionals brings years of experience to each of their areas of expertise.
In addition to having the full backing of Starboard Value, SVAC has assembled an exceptional team with a proven track record successfully transforming public and private companies across multiple sectors.