Seeking Alpha

It remains to be seen whether this deal closes - American Realty Capital (ARCT) reaffirms its...

It remains to be seen whether this deal closes - American Realty Capital (ARCT) reaffirms its recommendation to merge with Realty Income (O). The move comes in response to ISS urging shareholders to vote against the merger. The ISS analysis "fails to take into consideration the technical nature of the net lease REIT sector and certain key REIT industry metrics. A vote is scheduled for Jan. 6. (PR)
Comments (3)
  • I got a yes or no re: merger ballot in my e-mail from O via AMTD.
    I voted YES to merger. The PRO issues out way the CON.
    Dave
    2 Jan 2013, 08:46 AM Reply Like
  • I urge all ARCT shareholders to follow the ISS's recommendation and vote AGAINST the merger. The ISS's valuation analysis demonstrates that this merger is a bad deal for shareholders. I myself have voted on my proxy against the merger.
    2 Jan 2013, 01:23 PM Reply Like
  • Hate to be a conspiracy guy, but read the MerillLynch, WellsFargo and GoldmanSachs letters in Annex D. The Pro letters carefully state that the merger is 'fair' to Realty Income shareholders. The Pro letter from GS to ARCT directors states only that the merger is fair to shareholders--not specifically to ARCT shareholders. Remember it is Goldman Sachs.
    2 Jan 2013, 06:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)