Iron Mountain REIT (Seite 7)

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lt. Reuters will Recall den Deal nachverhandeln:

WASHINGTON (dpa-AFX) - Iron Mountain Incorporated (IRM), the storage and information management services company, announced that it has reached an agreement in principle with Recall Holdings Limited to acquire Recall by way of a recommended court approved Scheme of Arrangement for 0.1722 of an Iron Mountain common share for each Recall share.

The proposed transaction between the companies remains subject to each party conducting confirmatory due diligence and negotiating and executing mutually acceptable merger documentation and other terms and conditions. This agreement in principle does not assure that a definitive agreement regarding the proposed transaction will be reached or that any transaction between the companies will actually occur.

As per terms of the proposed transaction, Recall shareholders will receive 0.1722 of an Iron Mountain common share for each Recall share, with Iron Mountain to establish a secondary listing on the Australian Securities Exchange to allow Recall Shareholders to trade Iron Mountain shares locally, if the Scheme of Arrangement is approved and implemented.

In addition, Recall shareholders will be offered the option to elect to receive alternative consideration of A$8.50 per Recall share in cash, subject to a proration mechanism that will cap the total amount of cash consideration to be paid to Recall shareholders at A$225 million.

The terms of the proposed transaction will not be adjusted for any dividends which Recall or Iron Mountain pay in the ordinary course or any dividends which Iron Mountain is required to pay to maintain compliance with its REIT status obligations between now and closing of the proposed transaction.

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...entstanden durch Umwandlung aus Thread: Iron Mountain - Storage Dienstleister