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American Realty Capital Properties (ARCP) continues down the acquisition trail, agreeing to...

American Realty Capital Properties (ARCP) continues down the acquisition trail, agreeing to purchase non-traded REIT ARCT IV in a deal valued at $3.1B.  ARCT IV shareholders can elect to receive 2.05 shares of ARCP for each share of ARCT IV, or $30/share in cash. Post-deal, ARCP bumps its 2014 AFFO guidance to $1.19-$1.25/share, and boosts its annual dividend by $0.03 to $0.35/share. Premarket action has the stock up 91%, but it's one trade for 100 shares. (PR)
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Comments (2)
  • Mike Maher
    , contributor
    Comments (2826) | Send Message
     
    Woooowww limit orders people, always use limit orders
    2 Jul 2013, 08:28 AM Reply Like
  • Polaris1
    , contributor
    Comments (22) | Send Message
     
    The new annual dividend is actually $0.94 not $0.35 quoted above. Not much of an increase (was $0.91 so looks like a 3.3% bump) but it will be ARCP's 7th consecutive quarterly dividend increase.
    2 Jul 2013, 11:33 AM Reply Like
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