TAMPA, Fla., Apr 27, 2010 (BUSINESS WIRE) --Switch & Data Facilities Company, Inc. (NASDAQ: SDXC) today
announced that it will not release financial results for the first
quarter of 2010 due to its pending merger with Equinix, Inc. (NASDAQ:
EQIX). Switch and Data had previously announced that the financial
results would be made public after the market close on Tuesday, April
On April 23, 2010, Equinix received notification from the United States
Department of Justice (the "DOJ") that the DOJ has closed its
investigation with respect to the proposed acquisition of Switch and
Data by Equinix (the "Merger") and also received notification from the
Federal Trade Commission that the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 has been
terminated. Equinix and Switch and Data expect the Merger to close on
April 30, 2010, subject to the satisfaction or waiver of the other
closing conditions set forth in the merger agreement.
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 colocation 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 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.
Forward Looking Statements
Certain statements made in this release, including those regarding
Equinix's pending acquisition of Switch and Data, could be
"forward-looking statements." Such forward-looking statements are not
historical facts but instead reflect Switch and Data's current
expectations or beliefs concerning future events and results of
operations, many of which, by their nature, are inherently uncertain and
outside of Switch and Data's control. It is possible that actual results
may differ, possibly materially, from those anticipated in these
forward-looking statements. Further information concerning Switch and
Data and its business, including factors that potentially could
materially affect Switch and Data's financial results and conditions, as
well as its other achievements, are contained in Switch and Data's
filings with the Securities and Exchange Commission. Switch and Data
does not undertake to publicly update or revise its forward-looking
statements, whether as a result of new information, future events or
SOURCE: Switch & Data Facilities Company, Inc.
Switch & Data Facilities Company, Inc.
Seth Potter and Idalia Rodriguez, 866-797-2633