Equinix to voluntarily extend HSR wait in proposed Switch & Data deal

By Lisa Kerner

Charlotte, N.C., Dec. 1 - Equinix, Inc. will voluntarily withdraw its notification and report form on Thursday and refile it on Monday with the Department of Justice and the Federal Trade Commission in connection with its proposed acquisition of Switch & Data Facilities Co., Inc., according to a form 8-K filing with the Securities and Exchange Commission.

The Hart-Scott-Rodino waiting period, which was set to expire on Friday, will be extended to Jan. 6.

The refiling will give the Antitrust Division of the Justice Department more time to review information related to the proposed merger, Equinix said.

As previously reported, Equinix agreed to acquire Switch & Data in a cash-and-stock transaction valued at approximately $689 million.

Switch & Data stockholders can elect to receive either 0.19409 shares of Equinix stock or $19.06 in cash for each share of Switch & Data stock, subject to proration, under the companies' merger agreement.

Equinix is a Foster City, Calif.-based provider of network neutral colocation, interconnection and managed internet technology infrastructure services.

Tampa, Fla.-based Switch & Data provides data centers that house, power and interconnect the internet.

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