Oct. 22, 2009 (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Switch & Data Facilities Co., Inc. (“Switch & Data” or the “Company”) (NasdaqGS: SDXC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Equinix, Inc. ("Equinix") (NasdaqGS: EQIX). Under the terms of the agreement, 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 they own with the overall consideration to be paid by Equinix being set at 80% in stock and 20% in cash. If holders of more than 80% of Switch & Data’s stock elect to receive Equinix stock or holders of more than 20% of Switch & Data’s stock elect to receive cash, the merger consideration will be pro-rated accordingly.

Switch & Data’s directors, executive officers and certain shareholders have agreed to vote shares representing 35% of Switch & Data’s outstanding stock in favor of the transaction. The investigation concerns whether the Switch & Data Board of Directors breached their fiduciary duties to Switch & Data shareholders by agreeing to sell the Company on these terms.

If you own common stock in Switch & Data and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/sdxc1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.