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  "documentTitle": "Iron Mountain Incorporated (IRM)",
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      "text": "Elliott estimates tax savings equivalent to approximately 60% of 2011 Net Income guidance provided by Company",
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      "text": "Elliott's analysis demonstrates sufficient potential for enhancing shareholder value to justify further careful review by the Board. Only a full analysis by a reinvigorated Board can properly measure the potential benefits of a REIT conversion against the potential challenges.",
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      "text": "Elliott believes IRM's physical storage business is a compelling REIT candidate. Stable, annuity-like rental income streams. By converting from a “C” Corp to a REIT, IRM can retain more of the income. Elliott estimates tax savings equivalent to approximately 60% of 2011 Net Income guidance. Recent IRS guidance offers the ability to adapt standard IRM customer arrangements.",
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      "text": "Elliott has devoted considerable resources to exploring the benefits and challenges of a REIT structure. Worked exhaustively with lawyers, industry consultants and other advisors. Detailed analysis of potential commercial, operational, governance and tax implications.",
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      "text": "Significant Benefits of a REIT Structure Deserve Careful Analysis",
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