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.

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