JMP Securities Downgrades American Realty Capital Trust (ARCT) to Market Perform

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Realty Income (O) to Acquire American Realty Capital Trust (ARCT) in $2.95B Deal

September 6, 2012 7:22 AM EDT

Realty Income Corporation (Realty Income) (NYSE: O) and American Realty Capital Trust, Inc. (NASDAQ: ARCT), announced today that they have signed a definitive agreement under which Realty Income will acquire all of the outstanding shares of American Realty Capital Trust (ARCT) in a transaction valued at approximately $2.95 billion. The board of directors of both companies have unanimously approved the agreement. Following a shareholder vote by both companies, the transaction is expected to close during the fourth quarter of 2012 or early in the first quarter of 2013. Upon... More