Equinix Announces $500M Share Buyback Program

Equinix

today announced that its Board of Directors has authorized a share repurchase program of up to $500 million through December 31, 2014. Share repurchases may be made by the company from time to time in open market transactions at prevailing market prices or in privately negotiated transactions. “The $500 million share repurchase authorization reflects our confidence in Equinix's long-term strategy and commitment to a disciplined capital allocation program. Our first priority is to continue to invest in the business to capitalize on expansion opportunities in existing and potential future markets around the world. At the same time, Equinix's