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American Tower Stock Options Under SEC Investigation
May 22, 2006 at 5:47 AM (PT)
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AMERICAN TOWER CORP. said FRIDAY (5/19) that it is the subject of an informal SEC investigation reviewing its stock option expenses and may have to restate earnings in past quarters if the investigation requires it to make corrections. The company, which does not expect any changes to previously reported revenue or cash flow figures, says it will cooperate with the investigation and has launched an internal review of the matter as well.

