Iron Mountain Authorizes $150 Million Buyback
February 26, 2010 (FinancialWire) — Iron Mountain Inc. (NYSE: IRM), an information management services firm, said that its board of directors approved a new share repurchase program authorizing up to $150 million in repurchases of its common stock.
The buyback represents around 3% of the company’s outstanding common stock based on the closing price on February 19, 2010.
Massachusetts-based Iron Mountain offers records management and data protection solutions to corporate clients throughout North America, Europe, Latin American and Asia Pacific.
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