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The deal is expected to close in the fourth quarter. American Tower plans to use a combination of cash on hand and debt to finance the deal. American Tower shares rose $2.26, or 3.3 percent, to $71.01 in premarket trading. The stock closed Thursday at $68.75, down about 11 percent for the year. Shares have traded between $67.89 and $85.26 in the past 52 weeks.
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