Datacenter operator Switch hit with claims it misled investors over $11b buyout
Datacenter operator Switch Inc is being sued by investors over claims that it did not disclose key financial details when pursuing an $11 billion deal with DigitalBridge Group and IFM Investors that will see the company taken into private ownership if it goes ahead.
Both Redfield and Waterman have asked the Federal Court to put the deal on hold, or to undo it in the event that Switch manages in the meantime to close the transaction, and to order Switch to issue a new proxy statement that sets out all the relevant material information..
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