Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (28313)	12/12/2017 5:52:28 AM
From: Ditchdigger	Respond to of 34328

Iron Mountain Incorporated Launches Common Stock Offering BOSTON, Dec. 11, 2017 /PRNewswire/ -- Iron Mountain Incorporated ( IRM) (the "Company"), the storage and information management company, today announced that it has commenced an underwritten public offering of 14,500,000 shares of its common stock. In connection with this offering, the Company will also grant to the underwriters a 30-day option to purchase up to an additional 2,175,000 shares of its common stock. The Company intends to use the net proceeds from the offering, together with the proceeds from a new senior unsecured debt financing, to finance the purchase price of the acquisition of IO Data Centers, LLC (the "Acquisition"), to pay related fees and expenses and, to the extent of any remaining net proceeds, for general corporate purposes (which may include financing the expansion of its adjacent and other businesses through acquisitions and repaying outstanding indebtedness). The completion of the offering is not conditioned upon the consummation of the debt financing or the Acquisition. If the Acquisition is not consummated, the Company would use the net proceeds from the offering for general corporate purposes. ...................... Iron Mountain to buy IO Data's US operations for $1.32 bln finance.yahoo.com ..... PS: funny, I was watching the discovery channel or ones of the similar ones and there was a show on with Ozzy Osbourne and his son...and they were getting a tour of an IRM underground secure storage site.