Equinix, Inc. EQIX, the global interconnection and data center
company, today announced that its Board of Directors has approved a plan for
Equinix to pursue conversion to a real estate investment trust (REIT).
Equinix's Board reached this decision after thorough analysis of various
structures, including alternative financing, capital, and tax strategies,
designed to maximize long-term shareholder value. If Equinix is ultimately
successful in the conversion process, Equinix expects to elect REIT status for
its taxable year beginning January 1, 2015.
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