Equinix Inc. (EQIX: Quote) announced Thursday morning that its Board of Directors has approved a plan for the company to pursue conversion to a real estate investment trust. Equinix expects to elect REIT status for its taxable year beginning January 1, 2015.
Equinix gapped open sharply higher Thursday morning and is now up 19.83 at $206.38. The stock has risen past resistance and has set a new high for the year.
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by RTT Staff Writer
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