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Iron Mountain Incorporated stock price
Iron Mountain Incorporated latest news:
BRIEF-Iron Mountain Acquires OEC Records Management
* IRON MOUNTAIN ACQUIRES OEC RECORDS MANAGEMENT,
EXPANDING SERVICE OFFERINGS IN INDIA
Iron Mountain to buy IO Data Centers for $1.32 billion
Iron Mountain Inc. plans to buy U.S. operations of IO Data Centers LLC for $1.32 billion, including land and buildings in Arizona, New Jersey and Ohio, the company said Monday. As part of the agreement, Iron Mountain will pay an additional $60 million based on future performance. The deal is expected to close in early 2018 and be accrective to the company's 2019 adjusted funds from operations. Separately, Iron Mountain said it is offering 14.5 million shares in a secondary offering to finance its IO Data Centers transaction. Shares of Iron Mountain were off 0.7% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.