Switch and Data To Withhold First Quarter 2010 Financial Results
April 27 2010 - 8:05AM
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 27, 2010.
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 otherwise.
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