NEW YORK-OmniAmerica Inc., Albuquerque, N.M., announced the Department of Justice
Antitrust Division approved its merger with American Tower Corp., Boston.
OmniAmerica and American Tower
announced Nov. 16 their plan to merge through an exchange of the companies’ stock.
Separately, American Tower
sold an add-on offering of 25.3 million shares of Class A common stock at $25 each, raising gross proceeds of $632.5
million. The company said it will use this capital for construction and acquisition of towers and general corporate
purposes.
Including its OmniAmerica acquisition, American Tower operates about 3,200 broadcast and wireless
telecommunications towers in 44 states and Washington, D.C.
