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Marshall Hargrave's  Instablog

Marshall Hargrave
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Former registered investment adviser rep and current entrepreneur. CFA Level 2 Candidate. Started with out NMFN before venturing out on my own. Now running an equity research company.
My company:
Bridgewater Investments
My blog:
stockpucker
  • Why You Should Love The Realty Income (O) Deal 0 comments
    Feb 21, 2013 3:09 PM | about stocks: O

    Luxor Capital Partners bumped its ownership of American Realty Capital Trust Inc (NASDAQ:ARCT) in early January, as shareholders of the REIT were still in debate over whether or not to accept Realty Income Corp (NYSE:O)'s acquisition offer. Luxor Capital and Christian Leone made American Realty one of its newest holdings during the third quarter, and with the early January purchase doubled its stake from 7.8 million shares to 16.5 million. Luxor now owns 10.5% of the REIT and was a big supporter of the buyout offer from Realty Income. Shareholders approved the deal, with the details being a $0.35 per share cash payment and 0.2874 shares of Realty Income for American Realty shareholders. Billionaire investor Ken Griffin, founder of Citadel Investment Group, also added American Realty to his portfolio in 3Q.

    read the rest at the stockpucker blog...

    Themes: REITs Stocks: O
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