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Stock Market & Financial Investment News

News Breaks
January 24, 2014
06:06 EDTARCP, COLEAmerican Realty raises annual dividend to $1.00 per share from 94c per share
American Realty (ARCP) has declared an annualized dividend of $1.00 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month, effective with the closing of ARCP's pending merger with Cole Real Estate Investments (COLE).
News For ARCP;COLE From The Last 14 Days
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October 1, 2014
06:34 EDTARCPRCS Capital sees Cole Capital acquisition adding 51c per share to FY15 income
RCS Capital (RCAP) announced that it has entered into a definitive agreement to acquire Cole Capital Partners and Cole Capital Advisors from American Realty Capital Properties (ARCP) for $700M plus contingent consideration. Cole Capital is the private capital management business of ARCP, which includes a broker-dealer, wholesale distribution, and a non-traded real estate investment trust, or REIT, sponsor and advisory businesses. RCAP estimates that the transaction will contribute 51c per share to 2015 adjusted net income, excluding synergies, assuming the $200M of stock compensation is paid in cash versus stock, depending on the amount of additional consideration paid in 2016. The transaction will close in two steps, with certain advisory and other agreements being entered into promptly upon clearance of the federal anti-trust waiting period, and the second closing, upon which the stock and assets of Cole Capital will be acquired, upon clearance of FINRA's change of ownership waiting period. RCAP will pay a portion of the base purchase price at the second closing and the balance in April 2015. The transaction is expected to close in Q4.
06:27 EDTARCPAmerican Realty sees FY15 AFFO $1.11-$1.14, consensus $1.15
FY15 AFFO per share guidance is based on a range of balance sheet acquisitions between $2.5B-$3.5B as well as $4B-$5B of acquisitions on behalf of the Managed Funds and ARC Global II in 2015.
06:26 EDTARCPAmerican Realty revises FY14 AFFO view to $1.06-$1.08, consensus $1.10
In light of its pending sale of Cole Capital to RCAP during Q4, ARCP has reviewed and revised its FY14 AFFO guidance to a range of $1.06-$1.08 per share.
06:24 EDTARCPAmerican Realty to sell Cole Capital to RCS Capital for $700M
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September 30, 2014
17:04 EDTARCPAmerican Realty appoints David Kay as CEO
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