Zayo says evaluating options, shares jump 13 percent

(Reuters) – Zayo Group Holdings Inc on Wednesday put off its analyst day meeting set for March 14 and said it was evaluating options, sending the shares of the communications infrastructure provider up 13 percent in afternoon trading. Reuters reported last month that activist hedge fund Sachem Head Capital Management had urged Zayo to explore a sale after it rejected acquisition offers from a consortium of private equity firms, including Blackstone Group LP.

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