Both companies have a commitment to tall towers, and both have strong balance sheets. We have strong tower development momentum in the East, OmniAmerica in the West. Our company’s site acquisition and zoning skills will now be combined with OmniAmerica’s unparalleled construction skills. Steve Dodge, Chairman of American Tower, said of the merger, “Once Carl Hirsch and I began a dialogue, the merits of this merger quickly became apparent to both of us. The company will have approximately 3,044 towers under ownership or management, with another 840 in the development or construction stages (giving effect to this transaction and American Tower’s acquisition of TeleCom Towers, which was also announced today). The combined American Tower/OmniAmerica will be a leader in the fast-growing tower industry with a national portfolio of tower assets and significant capabilities in the areas of site acquisition, construction and development, leasing, and operations management. In the aggregate, American Tower will exchange approximately 17.7 million shares of its stock for the approximately 16.1 million fully diluted OmniAmerica shares outstanding, plus it will assume OmniAmerica’s debt. Under the terms of the agreement, which has been approved by the boards of directors of both companies, OmniAmerica shareholders will receive 1.1 shares of American Tower Class A Common Stock for each OmniAmerica share. (NASDAQ: XMIT) today announced that they have entered into a definitive agreement to merge in a stock-for-stock transaction. PDF Version Boston, Massachusetts - NovemBoston, Massachusetts and Albuquerque, New Mexico - Novem– American Tower Corporation (NYSE: AMT) and OmniAmerica, Inc.
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