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Stock Market & Financial Investment News

News Breaks
June 16, 2014
05:12 EDTAMTAmerican Tower acquires BR Towers in Brazil for $978M
American Tower announced that it has reached an agreement with GPCP V, a private equity fund managed by GP Investments, FIP Multisetorial Plus, a private equity fund managed by Bradesco BBI, and other shareholders, to acquire 100% of the equity interests of BR Towers S.A., a Brazilian telecommunications real estate company that is expected to own approximately 2,530 towers and the exclusive use rights for approximately 2,110 additional towers in Brazil at closing. The purchase price of approximately $978M, subject to customary adjustments, will be satisfied with a combination of cash and the assumption of certain existing indebtedness. American Tower anticipates that the towers will generate approximately $131M in annual run rate revenues and approximately $81M in annual Gross Margin and anticipates that the acquisition will be immediately accretive to Adjusted Funds From Operations upon closing. The transaction is expected to close in Q4.
News For AMT From The Last 14 Days
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February 26, 2015
06:48 EDTAMTAmerican Tower 23.5M share Secondary priced at $97.00
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February 25, 2015
07:59 EDTAMTAmerican Tower 2015 guidance conservative, says Wells Fargo
After American Tower reported stronger than expected Q4 results, Wells Fargo thinks the results were solid, while the company's 2015 guidance is conservative. The firm continues to be upbeat about American Tower's international growth outlook, and views the company's overall outlook as compelling. It keeps an Outperform rating on the shares.
07:44 EDTAMTAmerican Tower weakness a buying opportunity, says UBS
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07:24 EDTAMTAmerican Tower price target lowered to $110 from $120 at Canaccord
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February 24, 2015
10:06 EDTAMTHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
07:01 EDTAMTAmerican Tower to offer 23.5M shares of common stock, 12.5M preferred shares
American Tower is offering 23,500,000 shares of our common stock and 12,500,000 depositary shares or preferred shares, each representing a 1/10th interest in a share of mandatory convertible preferred stock, series B, par value $0.01 per share. Goldman, Sachs & Co. is acting as lead book-running manager for both the common stock and the depositary shares offerings. BofA Merrill Lynch, Barclays, Citigroup and J.P. Morgan are also acting as joint book-running managers with respect to the common stock offering, and RBC Capital Markets, Morgan Stanley, RBS Securities Inc. and TD Securities are also acting as joint book-running managers with respect to the depositary shares offering.
February 23, 2015
16:38 EDTAMTAmerican Tower sees FY15 CapEx $800M-$900M
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16:35 EDTAMTAmerican Tower sees FY15 revenue $4.25B-$4.33B, consensus $4.62B
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16:33 EDTAMTAmerican Tower reports Q4 EPS 42c, consensus 51c
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15:23 EDTAMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.

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