Equinix Snaps Up Switch & Data For $689M

Law360, New York (October 22, 2009, 6:07 PM EDT) -- In a strategic bid to increase the breadth of its business capabilities, Internet exchange service provider Equinix Inc. has reached a deal to purchase leading data center operator Switch & Data Facilities Co. in a cash-and-stock deal totaling $689 million.

The companies announced the merger agreement Thursday in filings with the U.S. Securities and Exchange Commission, saying they hope to close the deal by the first quarter of 2010.

Under the agreement, Equinix affiliate Sundance Acquisition Corp. will buy Switch & Data, allowing it to operate...
To view the full article, register now.