Equinix Inc. (EQIX) announced Thursday that it is seeking a private letter ruling from the IRS as part of its planned conversion to a REIT.
Equinix gapped open sharply lower Friday, but was range-bound throughout the session. The stock closed down by 11.30 at $192.57 on the highest volume of the year. Equinix dropped to nearly a 6-month low.
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