Global Net Lease (GNL) Reports Q2 EPS of $0.09

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Go back to Global Net Lease (GNL) Reports Q2 EPS of $0.09

Global Net Lease (GNL) to Acquire American Realty Capital Global Trust II in $247M Deal

August 8, 2016 6:36 AM EDT

Global Net Lease, Inc. ("GNL") (NYSE: GNL) announced that the independent directors serving upon the Board of Directors unanimously approved a definitive merger agreement to acquire all of the outstanding common stock of American Realty Capital Global Trust II, Inc. ("Global II") for approximately $247.0 million, payable in GNL common shares plus the assumption of certain debt. This transaction creates a premier global net lease real estate investment trust, with an expected enterprise value of approximately $3.3 billion. The transaction joins two... More