American Tower (NYSE:AMT) says it "disputes a number of statements" in Muddy Waters' report, and provides some details about its 2011 purchase of 666 Brazilian towers. AMT, accused by Muddy Waters of paying $250M less for the towers than claimed, says it paid a full $585M for them via $335M in intercompany loans, $184M in equity contributions, and cash from operations. The company adds it "retained an internationally-recognized accounting firm to assist in the purchase price allocation of the acquisition" (8-K)
American Tower (NYSE:AMT) says it "disputes a number of statements" in Muddy Waters' report, and...
Recommended For You
About AMT Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
AMT | - | - |
American Tower Corporation |