Iron Mountain Inc. tried to install four members of the council and eventually be returned to society as a REIT. share exploded yesterday morning, after the hedge fund operator Elliott Management Corp.
Elliot Administration sent a letter Wednesday to Iron Mountain calls for a strategic review of the allocation of capital and operational efficiency of Iron Mountain and appoint four new board members bring an independent perspective, and further study in this review process. Boston-based Iron Mountain (NYSE: IRM) is a provider of information management and custody services for large institutions.
Since early 2008, the company has invested more than $ 94 million in real estate, has accumulated a portfolio of 1,042 properties since its founding in 1951. Iron Mountain has 990 of these properties is a facilities management and records off-site data protection, more than half of them in the United States.
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