Source: Switch and Data
Equinix (NASDAQ: EQIX), a provider of global data centre services, and Switch and Data Facilities Company (NASDAQ: SDXC), a leading provider of network-neutral data centre 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 favour 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.