July 2, 2013
NEW YORK ? American Realty Capital Properties Inc. is buying American Realty Capital Trust IV Inc. in a cash-and-stock deal valued at about $3.1 billion.
Shares of ARCP nearly doubled in premarket trading on Tuesday.
ARCP, a real estate investment trust, said that the deal ? along with other recent transactions ? will make it the second-biggest net lease REIT. After the transaction closes, ARCP will own 2,579 single tenant properties in 48 states and Puerto Rico.
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