Real Estate M&A » By The Online Investor Staff, updated Tue., Mar. 19, 4:22 AM Recent mergers and acquisitions in the Real Estate M&A category.
This Slide: #75 of 91 |
Slide #75. Realty Income — American Realty Capital Trust
Acquirer:
Realty Income (O)
Acquiree:
American Realty Capital Trust (ARCT)
Details:
Realty Income Corporation, the Monthly Dividend Company, (NYSE: O) ("Realty Income") and American Realty Capital Trust, Inc., (NASDAQ: ARCT) ("ARCT") today announced that they have signed an amendment (the "Amendment") to the previously announced definitive merger agreement (the "Merger Agreement") between the two companies. Under the terms of the Merger Agreement, as amended by the Amendment, Realty Income will now pay ARCT stockholders a one-time cash payment of $0.35 per share in addition to the existing fixed exchange ratio of 0.2874 Realty Income shares for each share of ARCT common stock that they own. The additional cash consideration of $0.35 per share totals approximately $55.5 million in additional proceeds for the ARCT stockholders, of which approximately $52.5 million is being funded by Realty Income and $3.0 million by AR Capital LLC, including William M. Kahane, Chief Executive Officer, President and Director of ARCT, and Nicholas S. Schorsch, Chairman of the board of directors of ARCT.
Realty Income is a real estate investment trust. Co. invests in commercial real estate. Co. owns a portfolio of various properties located in U.S., Puerto Rico, the United Kingdom, and Spain.
Realty Income SEC Filing Email Alerts Service
Open the O Page at The Online Investor »
Realty Income is a real estate investment trust. Co. invests in commercial real estate. Co. owns a portfolio of various properties located in U.S., Puerto Rico, the United Kingdom, and Spain.
Realty Income SEC Filing Email Alerts Service
Open the ARCT Page at The Online Investor »
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