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Data center operator Equinix (www.equinix.com) will have to wait until the second quarter to close its acquisition of Switch & Data (www.switchanddata.com), after antitrust regulators made a second request for additional information on Wednesday.
As stated in the 8-K filing with the US and Securities and Exchange Commission, the closure of the deal will be effectively postponed until the next quarter.
Last October, Equinix announced it would acquire Switch & Data for $689 million in cash and stock.
At the time, Equinix said the acquisition will help to strengthen the company's position in the data center services market by extending its presence into 16 new markets across North America, including Atlanta, Denver, Miami, Seattle and Toronto.
Switch & Data currently operates 34 data centers in 22 markets in the United States and Canada. Following the closing of the acquisition, the company will have 79 data centers in 34 markets in North America, Europe and the Asia-Pacific.
Equinix said the second request by the Justice Department means the companies will have to push back the closure of the deal by an additional 30 days.
The merger is governed by the Hart-Scott-Rodino Antitrust Improvement Act of 1976.
Switch & Data had set up a meeting of its stockholders for January 29th to vote on the deal.
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