Savvis Announces Postponement of 2011 Annual Meeting
By Savvis Inc., PRNEMonday, May 2, 2011
May 12 Stockholder Meeting Postponed Due to Merger Agreement
ST. LOUIS, May 3, 2011 - Savvis, Inc. (NASDAQ: SVVS), announced that it is postponing its annual
meeting due to its merger agreement with CenturyLink, Inc. (NYSE: CTL). The
meeting had been scheduled for May 12 at Savvis' corporate headquarters in
Town & Country, Mo.
(Logo: photos.prnewswire.com/prnh/20090803/PH55929LOGO )
Savvis announced on April 27, 2011 it had signed a merger agreement with
CenturyLink. The merger requires Savvis stockholder approval.
The annual meeting was postponed to provide stockholders adequate
information and time to review the proposed merger. Savvis' Board of
Directors established a new record date of July 29, 2011, and new date for
the annual meeting of Sept. 15, 2011. At a later date, Savvis will send a
revised annual meeting notice and proxy statement to its stockholders.
About Savvis
Savvis (NASDAQ: SVVS) is a global leader in cloud infrastructure and
hosted IT solutions for enterprises. Nearly 2,500 unique clients, including
more than 30 of the top 100 companies in the Fortune 500, use Savvis to
reduce capital expense, improve service levels and harness the latest
advances in cloud computing. For more information, please visit
www.savvis.com.
Forward-Looking Statements
Except for the historical and factual information contained herein, the
matters set forth in this release, including statements regarding the
expected timing and benefits of the acquisition such as efficiencies, cost
savings, accretion and growth potential, and the competitive ability and
position of the combined company, and other statements identified by words
such as "estimates," "expects," "projects," "plans," and similar expressions
are forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to a number of risks, uncertainties
and assumptions, many of which are beyond our control. Actual events and
results may differ materially from those anticipated, estimated or projected
if one or more of these risks or uncertainties materialize, or if underlying
assumptions prove incorrect. Factors that could affect actual results include
but are not limited to: the ability of the parties to timely and successfully
receive the required approvals of regulatory agencies and Savvis'
stockholders; the possibility that the anticipated benefits from the
acquisition cannot be fully realized or may take longer to realize than
expected; the possibility that costs or difficulties related to the
integration of Savvis' operations into CenturyLink will be greater than
expected; the ability of the combined company to retain and hire key
personnel; the timing, success and overall effects of competition from a wide
variety of competitive enterprises; the risks inherent in rapid technological
change; the ability of the combined company to successfully introduce new
product or service offerings on a timely and cost-effective basis; the
effects on ongoing changes in the regulation of the communications industry;
any adverse developments in customer relationships, commercial disputes or
legal proceedings; and other risk factors and cautionary statements as
detailed from time to time in each of CenturyLink's and Savvis' reports filed
with the Securities and Exchange Commission (SEC). There can be no assurance
that the proposed acquisition will in fact be consummated. You should be
aware that new factors may emerge from time to time and it is not possible
for us to identify all such factors nor can we predict the impact of each
such factor on the acquisition or the combined company. You should not place
undue reliance on these forward-looking statements, which speak only as of
the date of this press release. Unless legally required, CenturyLink and
Savvis undertake no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise with the SEC, which contain and identify important factors that
could cause the actual results to differ materially from those contained in
the forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed transaction between CenturyLink and
Savvis, CenturyLink plans to file with the SEC a registration statement on
Form S-4 that will include a prospectus of CenturyLink that will also
constitute a proxy statement of Savvis. CenturyLink and Savvis also plan to
file with the SEC other relevant documents in connection with the proposed
merger. The registration statement and the proxy statement/prospectus will
contain important information about CenturyLink, Savvis, the proposed merger
and related matters. Investors and security holders are urged to read the
registration statement and the proxy statement/prospectus carefully when they
are available. Investors and security holders will be able to obtain free
copies of the registration statement and the proxy statement/prospectus and
other documents filed with the SEC by CenturyLink and Savvis through the web
site maintained by the SEC at www.sec.gov. Investors and security holders
will be able to obtain free copies of the documents filed with the SEC by
Savvis on Savvis' website at www.savvis.com or by contacting Savvis
Investor Relations at +1-314-628-7433.
Participants in the Acquisition of Savvis
CenturyLink and Savvis and their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from
the stockholders of Savvis in respect of the proposed merger. Information
regarding CenturyLink's directors and executive officers is available in its
proxy statement filed with the SEC by CenturyLink on April 6, 2011, and
information regarding Savvis' directors and executive officers is available
in its proxy statement filed with the SEC by Savvis on April 1, 2011. Other
information regarding the persons who may, under the rules of the SEC, be
considered participants in the solicitation of Savvis stockholders in
connection with the proposed merger will be set forth in the proxy
statement/prospectus described above when it is filed with the SEC. You can
obtain free copies of these documents free of charge using the contact
information above. This communication shall not constitute an offer to sell
or the solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of
1933, as amended.
For Savvis, Inc., Analysts and Investors, Greg Freiberg, +1-314-628-7433, greg.freiberg at savvis.com; Media, Justin Lopinot, +1-314-628-7053, justin.lopinot at savvis.com
Tags: May 3, Missouri, Savvis Inc., St. louis