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

|About: Realty Income Corporation (O)|By:, SA News Editor

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)