TAKEOVER activity is roaring to life ahead of the New Year, with data
management company Recall Holdings being put in play after receiving a more
than $2 billion bid from Boston-based logistics giant Iron Mountain.

After being touted as a potential predator for years, Iron Mountain has
pounced on Recall with a roughly $7 a share offer, valuing the company at
$2.2bn, sources said.

Recall, which stores and manages companies’ physical and digital data in
306 facilities around the world, declined to comment on the approach,
understood to have been made on Friday night.
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