Benchmark Reports On Iron Mountain's Elliot Management On Offensive

According to Benchmark, Iron Mountain's IRM Elliot Management remains on the offensive. Benchmark reported that on Monday, April 11, Elliott Management (5% shareholder), filed an S-4 recapping its previous proposal and calling for a full review of Iron Mountain's (IRM-Hold, PT from $24 to $29) operations and management's strategy along with a recommendation that management reconsider converting the Company to a REIT. “It also again recommended that Iron Mountain shareholders vote for Elliott's four nominees to the Iron Mountain Board.” Iron Mountain closed yesterday at $32.83.