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The Associated Press October 5, 2010, 6:58AM ET

Iron Mountain board boosts buyback program

Information management services company Iron Mountain Inc. said Tuesday its board of directors approved an increase of $200 million in its stock buyback program.

The company had announced a $150 million buyback program earlier this year, of which $55 million remains.

The company's share finished at $22.37 on Monday. With about 201.5 million shares outstanding, it has a market capitalization of about $4.5 billion.

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