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American Tower (NYSE:AMT) says it "disputes a number of statements" in Muddy Waters' report, and...

Jul. 17, 2013 6:34 PM ETAmerican Tower Corporation (AMT) StockAMTBy: Eric Jhonsa, SA News Editor2 Comments
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)

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