• Corporate Event: Switch & Data Facilities Company, Inc. (SDXC) - Effective Tuesday, May 4, 2010

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 10-197
      • Notice Date
      • 03 May 2010
      • Effective Date
      • 04 May 2010
    • On January 29, 2010, Shareholders of Switch & Data Facilities Company, Inc. (SDXC)

      voted concerning a proposed merger with Equinix, Inc. (EQIX).  The merger was approved

      and consummated before the opening of business on May 3, 2010. As a result, SDXC

      Common Shares will be converted as follows: Approximately 80% of all outstanding SDXC

      Common Shares will be converted into the right to receive 0.19409 EQIX Common Shares

      per SDXC Share, subject to prorations and adjustments (Stock Consideration). Cash will

      be paid in lieu of fractional EQIX Shares. Approximately 20% of all outstanding SDXC Common

      Shares will be converted into $19.06 Cash per SDXC Share, subject to prorations and

      adjustments (Cash Consideration).

       

       

      This action will be coordinated with the Options Clearing Corporation.

       

      For the full text of this advisory, please click here.