By Dean Seal Shares of Spirit Realty Capital jumped while shares of Realty Income slid after the two companies announced the latter would buy the former in...
Shares of Spirit Realty Capital jumped while shares of Realty Income slid after the two companies announced the latter would buy the former in an all-stock deal valued at $9.3 billion.
Spirit's stock was up 9.5% at $35.44 in early trading. Shares have fallen about 11% year-to-date. Realty Income's shares meanwhile fell 4.4% to $46.85. They have lost more than a quarter so far this year. The real-estate investment trust's shareholders are due to receive 0.762 shares of newly issued Realty shares for each share of Spirit that they own, Spirit and Realty said Monday morning. At closing, Realty Income's existing shareholders would retain about 87% of the company and while Spirit shareholders would own the rest.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Realty Income to buy Spirit Realty Capital in a $9.3 billion dealRealty Income to buy Spirit Realty Capital in a $9.3 billion deal
Weiterlesen »
Spirit Realty's stock rallies on $9B buyout by Realty Income Corp.Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Weiterlesen »
Spirit Realty stock rallies on $9B buyout by Realty Income Corp.Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Weiterlesen »
California-based firm grabs Dallas' Spirit Realty for $9.3 billion in stockDallas-based real estate investor Spirit Realty is getting purchased by a larger California-based property firm in a $9.3 billion deal.
Weiterlesen »
Healthpeak Properties and Physicians Realty to combine in $21 all-stock merger of equalsCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Weiterlesen »
Healthpeak Properties and Physicians Realty to Combine Into OneThe combined company should have a valuation of about $21 billion.
Weiterlesen »