REITs M&A » By The Online Investor Staff, updated Thu., Apr. 25, 7:28 AM
Recent mergers and acquisitions in the REITs M&A category.
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Slide #9. American Realty Capital Properties — Cole Real Estate Investments
Acquirer:
American Realty Capital Properties (ARCP)
Acquiree:
Cole Real Estate Investments (COLE)
Details:
American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP) and Cole Real Estate Investments, Inc. ("Cole") (NYSE: COLE) announced today that each company's stockholders, at separate special meetings held earlier today, have approved the proposals related to the merger of Cole with and into a wholly owned subsidiary of ARCP, pursuant to the definitive merger agreement dated as of October 22, 2013. ARCP and Cole expect to close the merger promptly, subject to customary closing conditions. Assuming completion of the transaction valued at $11.2 billion, the combined company will create the world's largest net lease REIT with an enterprise value of $21.5 billion.
VEREIT is a real estate investment trust. Co. is a real estate company that acquires, owns and operates single-tenant, free-standing commercial real estate properties. Co. focuses on investing in properties that are net leased to credit tenants, which are generally public companies, and governmental, quasi-governmental and not-for-profit entities. Co. is also engaged in the private capital management (PCM) business. The PCM business sponsors and manages direct investment programs. As of Dec 31 2013, Co. owned 3,710 properties, comprised of 101,500,000 square feet and located in 48 states, the District of Columbia, and Puerto Rico.
Preferred: ARCPP
Open the ARCP Page at The Online Investor »VEREIT is a real estate investment trust. Co. is a real estate company that acquires, owns and operates single-tenant, free-standing commercial real estate properties. Co. focuses on investing in properties that are net leased to credit tenants, which are generally public companies, and governmental, quasi-governmental and not-for-profit entities. Co. is also engaged in the private capital management (PCM) business. The PCM business sponsors and manages direct investment programs. As of Dec 31 2013, Co. owned 3,710 properties, comprised of 101,500,000 square feet and located in 48 states, the District of Columbia, and Puerto Rico.
Preferred: ARCPP
Open the COLE Page at The Online Investor »
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