On June 8, 2015, Iron Mountain entered into an agreement to acquire Recall by way of recommended court approved Scheme of Arrangement. The Recall transaction would accelerate Iron Mountain’s already successful growth strategy. The combined company’s broader footprint, stronger infrastructure, exposure to high growth emerging markets and small to mid-size enterprise customers, and increased economies of scale will be well suited to address unmet document storage and information management needs around the globe. The transaction received: regulatory approvals in the U.S., Canada and Australia; IRM and REC shareholder approval; as well as Australian court approval.
The Scheme was implemented on May 2, 2016 and REC record shareholders as of the record date, April 27, 2016, received the Standard Consideration or the Cash Alternative as defined in the Supplementary Scheme Booklet. On May 3, 2016, New Iron Mountain CHESS Depository Interests (CDIs) commenced trading on ASX under the symbol INM on a normalized settlement basis.
If you have any questions on the transaction you may call Link Market Services on 1800 209 118 (within Australia) or +61 1800 209 118 (outside Australia), between 8:30am and 5:30pm, Monday to Friday. For all investor related inquiries please contact Iron Mountain’s Investor Relations team.