American Tower (AMT) Reports In-Line Q1 FFO, Offers FY15 Guidance

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Go back to American Tower (AMT) Reports In-Line Q1 FFO, Offers FY15 Guidance

American Tower (AMT) Announces 23.5M Common, 12.5 Depositary Shares Offering

February 24, 2015 6:59 AM EST

American Tower (NYSE: AMT) announced that, in connection with the funding of its transaction with Verizon Communications, Inc., whereby American Tower will lease, acquire or otherwise operate and manage up to 11,489 Verizon wireless communications sites, American Tower intends to offer 23,500,000 shares of its common stock and 12,500,000 depositary shares, each representing a 1/10th interest in a share of American Towers Mandatory Convertible Preferred Stock, Series B, in concurrent registered public offerings,... More