{"id":21941,"date":"2011-04-20T05:54:18","date_gmt":"2011-04-20T09:54:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21941"},"modified":"2011-04-20T05:54:18","modified_gmt":"2011-04-20T09:54:18","slug":"iron-mountain-to-return-cash-sell-unit-after-elliott-proposal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2011\/iron-mountain-to-return-cash-sell-unit-after-elliott-proposal.html","title":{"rendered":"Iron Mountain to Return Cash, Sell Unit After Elliott Proposal"},"content":{"rendered":"<p>Bloomberg &#8211; Iron Mountain Inc. (IRM), the world\u2019s largest document storage company, said it will return cash to shareholders and sell its digital unit after pressure from hedge fund investor Elliott Management Corp.<\/p>\n<p>Iron Mountain also agreed to consider converting to a real estate investment trust, a move that Elliott encouraged, Iron Mountain said in a statement today. One of Elliott\u2019s nominees will join the Iron Mountain board, staving off a proxy fight in which the\u00a0fund manager run by\u00a0Paul Singer had sought four seats, according to a statement today.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2011-04-19\/iron-mountain-may-become-reit-to-avoid-elliott-proxy-contest-2-.html\" target=\"_blank\">Read Compete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Iron Mountain Inc. (IRM), the world\u2019s largest document storage company, said it will return cash to shareholders and sell its digital unit after pressure from hedge fund investor Elliott Management Corp. Iron Mountain also agreed to consider converting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21941","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21941"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21941\/revisions"}],"predecessor-version":[{"id":21949,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21941\/revisions\/21949"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}