News
Switch and Data Stockholders Approve Merger with Equinix
February 2010 by Marc Jacob
Equinix, Inc., a provider of global data center services, and Switch and Data Facilities Company, Inc., a 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.
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