ABC – Shares of Iron Mountain Inc. jumped in heavy trading Thursday after a hedge fund nominated four directors to the board of the Boston-based data storage and management company.
Elliott Management, a hedge fund run by investor Paul Singer that owns just under 5 percent of Iron Mountain’s outstanding shares, called for a strategic review of the company’s spending and operations. The call came in a letter to Iron Mountain’s board that outlined complaints about its strategy and named the four nominees.
