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.
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