📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-Iron Mountain says now expects net synergies of $105 mln from deal with Recall

Published 01/04/2016, 11:54 am
Updated 01/04/2016, 12:00 pm
© Reuters.  BRIEF-Iron Mountain says now expects net synergies of $105 mln from deal with Recall
IRM
-

March 31 (Reuters) - Iron Mountain (NYSE:IRM) Inc IRM.N :

* Announces regulatory outcomes in US and Canada; updates synergy and accretion

estimates related to proposed acquisition of Recall

* Says company reiterates expectations for dividend growth and deleveraging

* Says on track for expected closing on may 2, 2016

* Co estimated net synergies from deal with Recall is now $105 million

* In deal with Recall, now expects adjusted EPS accretion in 2018 of 10%

* Agreed to divest portions of recall's business in the United States, portions

of both its and recall's businesses in Canada

* To divest majority of records management business in australia,place Recall

UK business in separate arrangement till review conclusion

* Source text for Eikon ID:nBw2xQjBpa

* Further company coverage IRM.N

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.