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Stock Market & Financial Investment News

News Breaks
May 20, 2014
06:39 EDTARCPAmerican Realty acquires Cole Credit Property Trust
American Realty Capital Properties announced that it completed its acquisition of Cole Credit Property Trust, or CCPT, the first non-traded REIT offered by Cole Capital, the private capital management business of ARCP. CCPT offered shares in a private offering that commenced in 2004, and CCPT remained in operation until the closing of the acquisition. The company's acquisition follows the successful completion of ARCP's tender offer for all of the outstanding shares of CCPT common stock for $7.25 per share, net to the seller in cash, without interest and less any applicable withholding taxes. When combined with the $5.57 per share average aggregate distributions received by CCPT stockholders through May 16, the $7.25 per share tender price equates to a total return of $12.82 per share, or an approximate premium of 28.2%. Pursuant to the Merger Agreement and in connection with the closing of the acquisition of CCPT, ARCP will pay $7.25, less any applicable withholding taxes, in respect of each outstanding share of CCPT, regardless of whether the holder of such shares tendered their shares in the Offer. Such consideration will total approximately $73.1M, exclusive of transaction and closing costs. Additionally, in connection with the closing of the acquisition, all holders of CCPT shares will receive unpaid distributions in the amount of 6c per share in respect of the period from April 1 through May 16.
News For ARCP From The Last 14 Days
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September 15, 2014
10:56 EDTARCPOptions with decreasing implied volatility
Options with decreasing implied volatility: TRW ULTA GTAT FIVE RH LULU LE RAX ARCP BKS
09:59 EDTARCPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Realty (ARCP) initiated with an Overweight at JPMorgan... Athlon Energy (ATHL) initiated with a Buy at KLR Group... Capital Product (CPLP) initiated with a Buy at Jefferies... Continental Resources (CLR) initiated with a Buy at Canaccord... Costco (COST) initiated with a Buy at Citigroup... Infinera (INFN) initiated with an Outperform at Barrington... NRG Yield (NYLD) initiated with an Outperform at RBC Capital... PTC Therapeutics (PTCT) initiated with a Buy at Deutsche Bank... Power Solutions (PSIX) initiated with an Outperform at Northland... ServiceNow (NOW) initiated with an Outperform at William Blair... Target (TGT) initiated with a Neutral at Citigroup... Team (TISI) initiated with a Neutral at Sidoti... VeriFone (PAY) initiated with a Buy at Monness Crespi... Wal-Mart (WMT) initiated with a Neutral at Citigroup... Whiting Petroleum (WLL) initiated with a Buy at Canaccord... Winnebago (WGO) initiated with an Outperform at BMO Capital.
06:46 EDTARCPAmerican Realty initiated with an Overweight at JPMorgan
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September 5, 2014
06:04 EDTARCPAmerican Realty experiences upward trajectory in equity raise for Cole Capital
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September 4, 2014
05:20 EDTARCPAmerican Realty initiated with a Market Perform at Wells Fargo
Price target range $13-$14.
September 2, 2014
06:35 EDTARCPARCP announces CCIT, Select Income REIT merger to generate AFFO of 2c in Q4
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