ST. LOUIS and MONROE, La., July 13,
3011 /PRNewswire/ -- Savvis, Inc. (NASDAQ: SVVS), a global
leader in cloud infrastructure and hosted IT solutions for
enterprises, today announced that Savvis stockholders have voted to
approve all proposals related to the merger with CenturyLink, Inc.
(NYSE: CTL).
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Approximately 99 percent of the votes cast - representing 86
percent of Savvis' shares outstanding - voted to adopt the merger
agreement at Savvis' special stockholders meeting held today in
St. Louis.
The companies confirmed they intend to close the transaction
July 15, 2011, subject to
satisfaction of the remaining conditions to the merger.
About Savvis
Savvis, Inc. (NASDAQ: SVVS) is a global leader in cloud
infrastructure and hosted IT solutions for enterprises. Nearly
2,500 unique clients, including more than 30 of the top 100
companies in the Fortune 500, use Savvis to reduce capital expense,
improve service levels and harness the latest advances in cloud
computing. For more information, please visit www.savvis.com.
About CenturyLink
CenturyLink is the third largest telecommunications company in
the United States. The company
provides broadband, voice and wireless services to consumers and
businesses across the country. It also offers advanced
entertainment services under the CenturyLink(TM) Prism(TM) TV and
DIRECTV brands. In addition, the company provides data, voice and
managed services to business, government and wholesale customers in
local, national and select international markets through its
high-quality advanced fiber optic network and multiple data
centers. CenturyLink is recognized as a leader in the network
services market by key technology industry analyst firms.
CenturyLink's customers range from Fortune 500 companies in some of
the country's largest cities to families living in rural America.
Headquartered in Monroe, La.,
CenturyLink is an S&P 500 company and is included among the
Fortune 500 list of America's largest corporations. For more
information, visit http://www.centurylink.com.
Additional Information and Where to Find It
In connection with the proposed transaction between CenturyLink
and Savvis, CenturyLink has filed, and the SEC has declared
effective, a registration statement on Form S-4. The registration
statement includes a prospectus of CenturyLink that also
constitutes a proxy statement of Savvis. The definitive Proxy
Statement/Prospectus, dated as of June 10,
2011, contains important information about CenturyLink,
Savvis, the proposed merger and related matters. Investors and
security holders are urged to read carefully the definitive Proxy
Statement/Prospectus because it contains important information.
Investors and security holders may obtain free copies of the
definitive Proxy Statement/Prospectus and all other documents filed
with the SEC by CenturyLink and Savvis through the website
maintained by the SEC at www.sec.gov. Investors and security
holders will be able to obtain free copies of the documents filed
with the SEC by CenturyLink on CenturyLink's website at
www.CenturyLink.com or by contacting CenturyLink Investor Relations
at 318-340-5627. Investors and security holders will be able to
obtain free copies of the documents filed with the SEC by Savvis on
Savvis' website at www.savvis.com or by contacting Savvis Investor
Relations at 314-628-7433. This communication shall not constitute
an offer to sell or the solicitation of an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
Cautionary Statements Regarding Forward-Looking
Information
Except for the historical and factual information contained
herein, the matters set forth in this press release, including
statements regarding the expected timing and benefits of the
acquisition, and other statements identified by words such as
"estimates," "expects," "projects," "plans," and similar
expressions are forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
a number of risks, uncertainties and assumptions, many of which are
beyond our control. Actual events and results may differ materially
from those anticipated, estimated or projected if one or more of
these risks or uncertainties materialize, or if underlying
assumptions prove incorrect. Factors that could affect actual
results include but are not limited to: the possibility that the
anticipated benefits from the acquisition cannot be fully realized
or may take longer to realize than expected; the possibility that
costs or difficulties related to the integration of Savvis'
operations into CenturyLink will be greater than expected; the
ability of the combined company to retain and hire key personnel;
the timing, success and overall effects of competition from a wide
variety of competitive enterprises; the risks inherent in rapid
technological change; the ability of the combined company to
successfully introduce new product or service offerings on a timely
and cost-effective basis; the effects on ongoing changes in the
regulation of the communications industry; any adverse developments
in customer relationships, commercial disputes or legal
proceedings; and other risk factors and cautionary statements as
detailed from time to time in each of CenturyLink's and Savvis'
reports filed with the Securities and Exchange Commission (SEC).
There can be no assurance that the proposed acquisition will in
fact be consummated. You should be aware that new factors may
emerge from time to time and it is not possible for us to identify
all such factors nor can we predict the impact of each such factor
on the acquisition or the combined company. You should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Unless legally required,
CenturyLink and Savvis undertake no obligation to update publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE CenturyLink, Inc.