Iron Mountain sweetens Recall bid

Original article by Tim Binsted
The Australian Financial Review – Page: 22 : 9-Jun-15

Recall Holdings CEO Doug Pertz believes that the revised takeover offer from US-based Iron Mountain is in the best interests of shareholders. Iron Mountain has added a cash component of $A0.50 per share to its offer of 0.1722 of its shares for each Recall share. Meanwhile, the suitor has upgraded its estimate of the likely synergies from the merger to at least $US155m ($A202m). Recall shares closed at $A7.02 on 5 June 2015.

CORPORATES
RECALL HOLDINGS LIMITED – ASX REC, IRON MOUNTAIN INCORPORATED

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