{"id":144735,"date":"2021-11-15T16:27:32","date_gmt":"2021-11-15T16:27:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=144735"},"modified":"2021-11-15T16:27:32","modified_gmt":"2021-11-15T16:27:32","slug":"american-tower-slips-after-deciding-to-buy-coresite","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/american-tower-slips-after-deciding-to-buy-coresite\/","title":{"rendered":"American Tower Slips After Deciding To Buy CoreSite"},"content":{"rendered":"
Shares of REIT American Tower Corporation (AMT) are down more than 3% Monday morning following its decision to acquire CoreSite Realty Corporation (COR) for $170 per share, to be paid in cash.<\/p>\n
The transaction values about $10.1 billion, including debt.<\/p>\n
CoreSite, which as of Q3 2021 consisted of 25 data centers, 21 cloud on-ramps and over 32,000 interconnections in eight major U.S. markets<\/span>, generated annualized revenue and Adjusted EBITDA of $655 million and $343 million, respectively, in Q3 2021, the company said.<\/p>\n AMT, currently at $262.04, has traded in the range of $197.50- $303.72 in the past 52 weeks. <\/p>\n