Real estate investment trust American Tower Corp. (AMT) has signed an agreement to acquire rival CoreSite Realty Corp. (COR) for approximately $10.1 billion. Following the announcement of the news, shares of American Tower closed 4.3% down on Monday. However, the stock gained 0.2% in the extended trading session to end the day at $261. Meanwhile, shares of CoreSite gained 3.6% to close at $172.51. The stock, however, slipped 0.1% in the after-hours trading session. (See Insiders’ Hot Stocks on TipRanks) Transaction Details As per the terms of the agreement, American Tower will pay $170 per share in cash and assume or repay CoreSite’s existing debt.
https://www.tipranks.com/news/american-tower-to-acquire-coresite-realty-for-over-10b?utm_source=advfn.com&utm_medium=referral
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