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News Breaks | | | | January 7, 2013 | | 06:11 EDT |  | O, ARCT | Realty Income, American Realty announce amended merger agreement
Realty Income (O) and American Realty (ARCT) announced that they have signed an amendment to the previously announced definitive merger agreement between the two companies. Under the terms of the Merger Agreement, as amended by the Amendment, Realty Income will now pay ARCT stockholders a one-time cash payment of 35c per share in addition to the existing fixed exchange ratio of 0.2874 Realty Income shares for each share of ARCT common stock that they own. The additional cash consideration of 35c per share totals approximately $55.5M in additional proceeds for the ARCT stockholders, of which approximately $52.5M is being funded by Realty Income and $3M by AR Capital, including William M. Kahane, CEO of ARCT, and Nicholas S. Schorsch, chairman of the board of ARCT. | |
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News For O;ARCT From The Last 14 Days Check below for free stories on O;ARCT the last two weeks. |
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| May 23, 2013 | | 10:08 EDT |  | O | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Blue Nile (NILE) downgraded to Sector Perform from Outperform at RBC Capital... Devon Energy (DVN) downgraded to Neutral from Overweight at JPMorgan... Fabrinet (FN) downgraded to Hold from Buy at Deutsche Bank... Flextronics (FLEX) downgraded to Hold from Buy at Deutsche Bank... Patterson-UTI Energy (PTEN) downgraded to Sell from Neutral at Goldman... Prosperity Bancshares (PB) downgraded to Market Perform at BMO Capital... Realty Income (O) downgraded to Sell from Neutral at Goldman... ReneSola (SOL) downgraded to Underperform from Neutral at Credit Suisse... Sanmina (SANM) downgraded to Sell from Hold at Deutsche Bank... Multiband (MBND) downgraded to Market Perform from Outperform at Northland Securities... DuPont (DD) downgraded to Sell from Hold at BGC Partners... Bank of the Ozarks (OZRK) downgraded to Neutral from Buy at Sterne Agee... Comerica (CMA) downgraded to Negative from Neutral at Susquehanna. | | | 05:57 EDT | | O | Realty Income downgraded to Sell from Neutral at Goldman
Goldman downgraded Realty Income due to valuation and its long-term earnings growth profile. Price target raised to $51 from $46. | |
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