Savvis Stockholders Approve Merger with CenturyLink
By Savvis Inc., PRNETuesday, July 12, 2011
ST. LOUIS and MONROE, Louisiana, July 13, 2011 -
- Companies Set July 15 as
Merger Closing Date
Savvis, Inc. (NASDAQ:
SVVS), a global leader in cloud infrastructure and hosted IT
solutions for enterprises, today announced that Savvis stockholders
have voted to approve all proposals related to the merger with
CTL).
Approximately 99 percent of the votes cast - representing 86
percent of Savvis’ shares outstanding - voted to adopt the merger
agreement at Savvis’ special stockholders meeting held today in St.
Louis.
The companies confirmed they intend to close the transaction
July 15, 2011, subject to satisfaction of the remaining conditions
to the merger.
About Savvis
Savvis, Inc. (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
About CenturyLink
CenturyLink is the third largest telecommunications company in
the United States. The company provides broadband, voice and
wireless services to consumers and businesses across the country.
It also offers advanced entertainment services under the
CenturyLink™ Prism™ TV and DIRECTV brands. In addition, the company
provides data, voice and managed services to business, government
and wholesale customers in local, national and select international
markets through its high-quality advanced fiber optic network and
multiple data centers. CenturyLink is recognized as a leader in the
network services market by key technology industry analyst firms.
CenturyLink’s customers range from Fortune 500 companies in some of
the country’s largest cities to families living in rural America.
Headquartered in Monroe, La., CenturyLink is an S&P 500 company
and is included among the Fortune 500 list of America’s largest
corporations. For more information, visit
Additional Information and Where to
Find It
In connection with the proposed transaction between CenturyLink
and Savvis, CenturyLink has filed, and the SEC has declared
effective, a registration statement on Form S-4. The registration
statement includes a prospectus of CenturyLink that also
constitutes a proxy statement of Savvis. The definitive Proxy
Statement/Prospectus, dated as of June 10, 2011, contains important
information about CenturyLink, Savvis, the proposed merger and
related matters. Investors and security holders are urged to read
carefully the definitive Proxy Statement/Prospectus because it
contains important information. Investors and security holders may
obtain free copies of the definitive Proxy Statement/Prospectus and
all other documents filed with the SEC by CenturyLink and Savvis
through the website 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 CenturyLink on CenturyLink’s
website at
or by contacting CenturyLink Investor Relations at +1-318-340-5627.
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. 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.
Cautionary Statements Regarding
Forward-Looking Information
Except for the historical and factual information contained
herein, the matters set forth in this press release, including
statements regarding the expected timing and benefits of the
acquisition, 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 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.
Savvis Investors: Jennifer Heisserer, +1-314-628-7397, jennifer.heisserer at savvis.com; Savvis Media: Justin Lopinot, +1-314-628-7053, justin.lopinot at savvis.com; CenturyLink Media: Debra Peterson, +1-913-323-4881, debra.d.peterson at centurylink.com
Tags: July 13, Louisiana, Missouri, Savvis Inc., St. Louis And Monroe
