ARCT Investors To Reap Extra $56M In Realty Income Deal

Law360, New York (January 8, 2013, 11:09 PM EST) -- American Realty Capital Trust and Realty Income Corp. on Monday disclosed an amended merger agreement under which Realty Income will pay ARCT stockholders an additional one-time cash payment of $0.35 per share, amounting to a total of roughly $55.5 million in additional funds.

American Realty has also reached an understanding with its shareholders in a consolidated Maryland state court action that brings it close to a settlement in their dispute over its roughly $3 billion merger with Realty Income, according to regulatory filings Tuesday.

In a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.