Realty Income to acquire Vereit, then spin off office properties in new REIT

Apr. 29, 2021 7:26 AM ETRealty Income Corporation (O)OBy: Liz Kiesche, SA News Editor254 Comments
  • Realty Income (NYSE:O) agrees to acquire Vereit (NYSE:VER) in an all stock transaction then plans to spin off their office properties into a new REIT — moves that it says will increase its size, scale, and diversification.
  • The merged company

This was corrected on 11/01/2021 at 10:56 AM. Corrects implied price for VER shares in fourth bullet' and adds premarket price movement.

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