American Tower taxes probed (Investor's Business Daily)

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Investor's Business Daily - The cellular operator said it's received a subpoena from the SEC seeking documents related to its tax practices. American Tower said it will cooperate with the request for documents since 2007. Last month, the company's board OK'd steps to reorganize as a real estate investment trust in 2012. At the time, it said converting to a REIT was the best cash distribution and tax strategy. It fell 5.8% to 51.21.

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