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Stock Market & Financial Investment News

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December 10, 2013
10:42 EDTIRMIron Mountain has increased odds of REIT conversion success, says Macquarie
Macquarie believes that Iron Mountain's decision to limit the percentage of common stock owned by certain holders - along with its decision to manage the company in a manner consistent with that of a REIT starting on January 1- increase the chances that its REIT conversion will be successful. The firm sees a 75% chance that the REIT conversion will be successful and keeps an Outperform rating on the stock.
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