Monday, December 21, 2009

Switch & Data Facilities Company, Inc. Shareholder Investigation

An analysis on account of accepted investors Switch & Data Facilities Company, Inc. (Public, NASDAQ:SDXC), who purchased the shares afore October 21, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover amount was announced.

Those who currently are investors in shares of Switch & Data Facilities Company, Inc. (NASDAQ:SDXC), and purchased the shares afore October 21, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554. The analysis by a law close focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of Switch & Data Facilities Company, Inc. (Public, NASDAQ:SDXC) arising out of their attack to advertise Switch & Data Facilities (SDXC) to Equinix, Inc. (Nasdaq: EQIX). On October 21, 2009 Switch & Data Facilities Company, Inc. (Nasdaq: SDXC) and Equinix, Inc. (Nasdaq: EQIX) appear that they accept entered a absolute acceding for Equinix to access Switch and Data in a transaction admired at about $689 actor in banknote and stock, based on yesterday’s bazaar close. Under the agreement of the agreement, Switch and Data stockholders will accept the befalling to accept to accept either 0.19409 shares of Equinix banal or $19.06 in banknote for anniversary allotment of Switch and Data stock.

But according to an analysis by a law close “the transaction appears to be unfair” to accepted investors of Switch & Data Facilities Company, Inc. (Public, NASDAQ:SDXC) because the “offer to acquirement Switch & Data Facilities Company, Inc. (SDXC) appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn”. The analysis “concerns whether the Switch & Data Facilities Board of Directors breached their fiduciary duties to SDXC shareholders by accordant to advertise the Company at an arbitrary amount thereby harming SDXC shareholders”, “whether the admiral of SDXC may accept breached their fiduciary duties by not acting in SDXC shareholders' best interests in affiliation with the auction action of Switch & Data”, and “the Company may not accept abundantly shopped itself about afore entering into this transaction and, pursuant to this proposed transaction, Equinix, Inc may be underpaying for Switch & Data Facilities Company, appropriately unlawfully harming SDXC shareholders”. Switch & Data Facilities Company, Inc., amid in Tampa, Florida, is a provider of network-neutral abstracts centers that house, ability and interconnect the Internet. The Company operates 34 sites in the United States and Canada. In its abstracts centers, the Company provides network-neutral alternation and colocation services. Its network-neutral abstracts centers are accurately advised to abode the networking and accretion accessories its barter use to accumulated and deliver abstracts and agenda media content. Switch & Data Facilities Company appear in 2007 Total Revenue of $137.53million and in 2008 Total Revenue of $171.53million. Shares of Switch & Data Facilities SDXC traded at $18.45 per allotment afterwards the advertisement and $15.13 per allotment the day afore the announcement. SDXC shares were down from its 52weekHigh of $19.08 per share, and $20.72 per allotment in 2007.

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