United States Department of Justice Closes Its Investigation Of Switch and Data's Merger with Equinix
24 April 2010 - 6:05AM
Business Wire
Switch and Data (NASDAQ: SDXC), a leading provider of
network-neutral data center and Internet exchange services, today
announced that the United States Department of Justice notified
Equinix, Inc. that it has closed its investigation with respect to
Equinix's proposed acquisition of Switch and Data and also received
notification from the Federal Trade Commission that the waiting
period under the Hart-Scott-Radino Antitrust Improvements Act of
1976 has been terminated. Switch and Data and Equinix expect the
transaction to close on April 30, 2010, subject to the satisfaction
or waiver of the other closing conditions set forth in the merger
agreement.
As previously announced, Switch and Data stockholders may revoke
their elections at any time prior to 5:00 p.m. Eastern time on
the date that is two business days preceding the closing date of
the transaction by delivering to the exchange agent a written
notice of revocation. Shares of Switch and Data common stock as to
which an election has been revoked after January 29, 2010, the
election deadline, will be deemed non-electing shares, and no new
election as to such shares may be made.
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.
Important Information for Investors and Stockholders
In connection with the proposed transaction involving Equinix
and Switch and Data, Equinix has filed with the SEC a registration
statement on Form S-4 containing a proxy statement/prospectus. The
proxy statement/prospectus was first mailed to stockholders of
Switch and Data on or about December 23, 2009. SWITCH AND DATA
STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION.
Switch and Data stockholders may obtain free copies of the
registration statement and the proxy statement/prospectus and other
documents filed with the SEC by Equinix and Switch and Data through
the website maintained by the SEC at www.sec.gov. In addition, Switch and Data
stockholders may obtain free copies of the registration statement
and the proxy statement/prospectus and other documents filed with
the SEC from Equinix by directing a request to Equinix, Inc., 301
Velocity Way, Fifth Floor, Foster City, CA 94404, Attention:
Investor Relations (telephone: 888-222-1162) or going to Equinix’s
corporate website at www.equinix.com, or from Switch and Data
by directing a request to Switch & Data Facilities Company,
Inc., 1715 Westshore Boulevard, Suite 650, Tampa, FL 33607,
Attention: Investor Relations (telephone: 866-797-2633) or going to
Switch and Data’s corporate website at www.switchanddata.com.
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