Equinix says UK unit owns or has undertakings for 71.5 pct of IXEurope

Date : 08/13/2007 @ 7:29AM
Source : TFN
Stock : Equinix Inc (EQIX)
Quote : 54.23  -3.26 (-5.67%) @ 4:44PM
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Equinix says UK unit owns or has undertakings for 71.5 pct of IXEurope

        LONDON (Thomson Financial) - Equinix Inc said its Equinix UK unit now owns
or has received irrevocable undertakings in respect of about 129.55 mln shares
of IXEurope PLC, or around 71.5 pct.
    Equinix, a data centre and Internet exchange services provider, said it
acquired about 4.54 mln IXEurope shares at 140 pence each in cash on August 10.
    The company also said that it has received irrevocable undertakings in
respect of about 4.55 mln IXEurope Shares from Arnhold and S Bleichroeder
Advisers LLC and ING Bank NV, representing about 2.5 pct.
    Last month, Equinix raised its cash offer for IXEurope to 140 pence a share,
valuing the company at 270.1 mln stg, after IXEurope received a proposal from a
third party.
TFN.newsdesk@thomson.com
kal/lce

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