Switch and Data Stockholders Approve Merger with Equinix
01 Febrero 2010 - 7:05AM
Business Wire
Equinix, Inc. (NASDAQ: EQIX), a provider of global data center
services, and Switch and Data Facilities Company, Inc. (NASDAQ:
SDXC), a leading provider of network-neutral data center and
Internet exchange services, today announced that Switch and Data
stockholders have voted to approve Switch and Data's merger with
and into Sundance Acquisition Corporation, a wholly-owned
subsidiary of Equinix. More than 99% of votes were in favor of the
merger, and the holders of more than 85% of Switch and Data's
outstanding common stock participated in the vote.
Completion of the merger remains subject to the expiration or
termination of the waiting period imposed by the Hart-Scott-Rodino
Antitrust Improvement Act of 1976, as amended, and the satisfaction
or waiver of the other closing conditions specified in the merger
agreement between Equinix and Switch and Data. The merger is
expected to close in the second quarter of 2010. Switch and Data
will announce the expected closing date of the merger by issuing a
press release and filing that press release on Form 8-K with the
Securities and Exchange Commission no later than five business days
before the expected closing date.
About Equinix
Equinix, Inc. provides global data center services that ensure
the vitality of the information-driven world. Global enterprises,
content and financial companies, and more than 350 network service
providers rely upon Equinix’s insight and expertise to protect and
connect their most valued information assets. Equinix operates 45
International Business Exchange™ (IBX®) data centers across 18
markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the
investor relations page of its website located at
www.equinix.com/investors. We encourage you to check Equinix’s
website regularly for the most up-to-date information.
About Switch and Data
Switch and Data is a premier provider of network-neutral data
centers that house, power and interconnect the Internet. Leading
content companies, enterprises and communications service providers
rely on Switch and Data to connect to customers and exchange
Internet traffic. Switch and Data has built a reputation for
world-class service, delivered across the broadest collocation
footprint and richest network of interconnections in North America.
Switch and Data operates 34 sites in the U.S. and Canada, provides
one of the highest customer satisfaction scores for technical and
engineering support in the industry, and is home to PAIX® – the
world’s first commercial Internet exchange.
Important information about Switch and Data is routinely posted
to the investor relations section of the company’s website
www.switchanddata.com. For copies of all Switch and Data press
releases and SEC filings, please visit the website. To
automatically receive Switch and Data financial news by email,
please visit the website and subscribe to Email Alerts. Investors
are encouraged to check Switch and Data’s website frequently to
access the most up-to-date information.
This press release contains forward−looking statements about
Equinix and Switch and Data, including the expected closing date of
Equinix’s acquisition of Switch and Data. In making any of these
statements, the person making them believes that its expectations
are based on reasonable assumptions. However, any such statement
may be influenced by factors that could cause actual outcomes and
results to be materially different from those projected or
anticipated. These forward−looking statements are subject to
numerous risks and uncertainties. There are various important
factors that could cause actual results to differ materially from
those in any such forward−looking statements, many of which are
beyond the control of Equinix and Switch and Data, including
unanticipated costs or difficulties relating to the integration of
Switch and Data into Equinix; macroeconomic conditions and general
industry conditions such as the competitive environment of the data
center service industry; failure to complete any financing
arrangements contemplated from time to time; labor relations;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from their key customers; regulatory and litigation matters and
risks; changes in tax and other laws; the risk that a condition to
closing of the transaction may not be satisfied and other risks to
consummation of the transaction; and other risks described from
time to time in Equinix’s and Switch and Data’s filings with the
Securities and Exchange Commission. The actual results or
performance by Equinix or Switch and Data, and issues relating to
the transaction, could differ materially from those expressed in,
or implied by, any forward−looking statements relating to those
matters. Accordingly, no assurances can be given that any of the
events anticipated by the forward−looking statements will transpire
or occur, or if any of them do so, what impact they will have on
the results of operations or financial condition of Equinix or
Switch and Data, the combined company or the transaction. Except as
required by law, we are under no obligation, and expressly disclaim
any obligation, to update, alter or otherwise revise any
forward−looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future events or otherwise.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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