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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.
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July 31, 2014
09:21 EDTAMTAmerican Tower price target raised to $108 from $93 at Pacific Crest
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07:52 EDTAMTAmerican Tower price target raised to $106 from $97 at UBS
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July 30, 2014
07:15 EDTAMTAmerican Tower sees FY14 total rental, management revenue $3.95B-$4.02B
FY14 revenue consensus $4.04B. Sees FY14 EBITDA $2.6B-$2.66B. Sees FY14 AFFO $1.76B-$1.80B.
07:11 EDTAMTAmerican Tower reports Q2 EPS 58c, consensus 54c
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July 29, 2014
15:53 EDTAMTNotable companies reporting before tomorrow's open
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14:35 EDTAMTAmerican Tower technical comments before earnings
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