AboveNet Announces Record and Meeting Dates for Special Shareholders' Meeting
(Thomson Reuters ONE) -
WHITE PLAINS, NY, May 3, 2012- AboveNet, Inc. (NYSE: ABVT) announced today that
its Board of Directors has established a record date and meeting date for the
special meeting of AboveNet's shareholders to consider and vote upon, among
other things, the proposal to adopt the previously announced merger agreement,
entered into on March 18, 2012, among AboveNet, Zayo Group, LLC and Voila Sub,
Inc. under which Zayo Group would acquire AboveNet for approximately $2.2
billion. Under the terms of the merger agreement, each share of AboveNet common
stock issued and outstanding immediately prior to the transaction will be
entitled to receive $84.00 per share in cash. AboveNet shareholders of record
at the close of business on April 30, 2012 will be entitled to receive notice of
the special meeting and to vote at the special meeting. The special meeting
will be held at the Company's headquarters at 360 Hamilton Avenue, White Plains,
New York, First Floor Auditorium, on June 5, 2012 at 10:00 a.m. Eastern time.
The proxy statement is expected to be mailed on or about May 4, 2012.
Information about the special meeting is contained in the definitive proxy
statement that AboveNet filed with the Securities and Exchange Commission today.
About AboveNet
AboveNet, Inc. is a leading provider of high bandwidth connectivity solutions
for businesses and carriers. Its private optical network delivers key network
and IP services in and among top U.S. and European markets. AboveNet's network
is widely used in demanding markets such as financial and legal services, media,
health care, retail and government.
About Zayo
Based in Louisville, Colo., privately owned Zayo Group (www.zayo.com) is a
national provider of fiber-based bandwidth infrastructure and network-neutral
colocation and interconnection services. Zayo serves wireline and wireless
carriers, data centers, internet content and services companies, high bandwidth
enterprises as well as federal, state and local government agencies. Zayo
provides these services over regional, metro, national and fiber-to-the-tower
networks. Zayo's network assets include over 45,000 route miles, covering 42
states plus Washington D.C. Additionally, Zayo has approximately 5,200 buildings
and 2,300 cell towers on-net, and over 94,000 square feet of billable colocation
space. Zayo was recently named one of the Denver-areas Fastest Growing Private
Companies by the Denver Business Journal.
Important Information
In connection with the proposed merger, AboveNet has filed a definitive proxy
statement with the SEC. The definitive proxy statement contains information
about AboveNet, the proposed merger and related matters. STOCKHOLDERS ARE URGED
TO READ THE PROXY STATEMENT CAREFULLY AS IT CONTAINS IMPORTANT INFORMATION THAT
STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION ABOUT THE MERGER. In
addition to receiving the proxy statement from AboveNet by mail, stockholders
can obtain the proxy statement, as well as other filings containing information
about AboveNet, without charge, from the SEC's website at www.sec.gov or,
without charge, from AboveNet's website at www.above.net or by directing a
request to AboveNet, Inc., 360 Hamilton Avenue, White Plains, New York 10601.
AboveNet and its directors and executive officers and other persons may be
deemed to be participants in the solicitation of proxies in respect of the
proposed merger. Information regarding AboveNet's directors and executive
officers is available in AboveNet's 2011 Annual Report on Form 10-K, which was
filed with the SEC on February 29, 2012. Other information regarding the
participants in the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, is contained in the proxy
statement and other relevant materials AboveNet filed with the SEC.
Statements made in this press release that are not historical in nature
constitute forward-looking statements within the meaning of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995. AboveNet
cannot assure you that the future results expressed or implied by the forward-
looking statements will be achieved. Such statements are based on the current
expectations and beliefs of the management of AboveNet, Inc. and are subject to
a number of risks and uncertainties that could cause actual results to differ
materially from the future results expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not limited to, the
occurrence of any event, change or other circumstances that could give rise to
the termination of the merger agreement, the inability to obtain AboveNet's
shareholder approval or the failure to satisfy other conditions to completion of
the merger, including receipt of regulatory approvals, industry competition,
pricing and macro-economic conditions and AboveNet's financial and operating
prospects. AboveNet's business could be materially adversely affected and the
trading price of AboveNet's common stock could decline if these risks and
uncertainties develop into actual events. AboveNet cautions you not to place
undue reliance on these forward-looking statements, which speak only as of their
respective dates. AboveNet undertakes no obligation to publicly update or
revise forward-looking statements to reflect events or circumstances after the
date of this press release or to reflect the occurrence of unanticipated
events. A more detailed discussion of factors that may affect AboveNet's
business and future financial results is included in AboveNet's SEC filings,
including, but not limited to, those described in "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in AboveNet's Annual Report on Form 10-K for the year ended December
31, 2011.
Company Contact:
AboveNet, Inc.
Jeffrey Garte
Vice President, Finance
914-421-6700
jgarte(at)above.net
Investor Contact:
LHA
Jody Burfening
212-838-3777
jburfening(at)lhai.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AboveNet Inc via Thomson Reuters ONE
[HUG#1608768]
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Datum: 03.05.2012 - 16:06 Uhr
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