The dive in the Australian dollar may have finally delivered a deal for American storage company Iron Mountain in its pursuit of Australia's Recall Holdings in the shape of a $2.5 billion scrip and cash bid.
The proposed deal, endorsed by both company's boards and announced on the New York Stock Exchange late on Tuesday night Australian time, would see Recall bought through a scrip and cash offer.
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Sydney Morning Herald
Mathew Dunckley is deputy editor and investigations editor at The Age. He was previously digital editor at the Age, national business editor for The Sydney Morning Herald and The Age and Melbourne bureau chief for the Australian Financial Review. Connect with Mathew on Facebook and Twitter.
