American Realty To Pay $2.2B For Commercial REIT CapLease
ARCP will pay CapLease stockholders $8.50 per share of common stock, a 14.8 percent premium to the REIT's Friday close of $7.40 on the New York Stock Exchange. The New York-based commercial net lease REIT will also repay roughly $620 million in CapLease debt and assume an additional $580 million.
Holders of CapLease preferred...
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