Realty Income (O) agrees to purchase American Realty Capital Trust (ARCT) in a stock deal...


Realty Income (O) agrees to purchase American Realty Capital Trust (ARCT) in a stock deal currently valued at $2.95B. ARCT stockholders will receive 0.2874 Realty Income shares for each share they own, $12.21 based on yesterday's close. ARCT +4.5% premarket. (PR)

Comments (4)
  • jwduval51
    , contributor
    Comments (2) | Send Message
     
    Should I sell my ARCT position?
    6 Sep 2012, 09:14 AM Reply Like
  • Melissa7
    , contributor
    Comment (1) | Send Message
     
    Does this mean that if I currently own 100 shares of ARCT shares that I will now have 28.74 (100x.2874) shares valued at the current market price of the O shares today at $42.42.

     

    Thank you much!
    6 Sep 2012, 04:01 PM Reply Like
  • Hampton108
    , contributor
    Comments (620) | Send Message
     
    ...sell your ARCT and take your 20% profit...
    7 Sep 2012, 12:00 PM Reply Like
  • jeffinvests
    , contributor
    Comments (4) | Send Message
     
    Dying to see what Schrosch said last night on Cramer, doubting anything of substance. We've sold a third of our positions and will be selling more. Wish it were more institutionally held as doubt holders would approve the sale. But, given that it's all mom and pops owning it since inception as a non-traded REIT, all are doing to do as Hampton suggest. I hope management gets sued good.
    11 Sep 2012, 03:39 PM Reply Like
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