TAMPA, Fla., Apr 23, 2010 (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of Switch and Data common stock as to which an election has been revoked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(R) - the world's first commercial Internet
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.
SOURCE: Switch and Data
Switch & Data Facilities Company, Inc.
Seth Potter and Idalia Rodriguez, 866-797-2633