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Stock Market & Financial Investment News

News Breaks
June 5, 2014
07:06 EDTRCAPRCS Capital 24M share Secondary priced at $20.25
The deal size was increased to 24M shares from 20M shares. BofA/Merrill and Barclays acted as joint book running managers for the offering.
News For RCAP From The Last 14 Days
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October 1, 2014
06:34 EDTRCAPRCS 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.
06:24 EDTRCAPAmerican Realty to sell Cole Capital to RCS Capital for $700M
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September 30, 2014
06:20 EDTRCAPRCS Capital files to sell 464K shares of common stock for holders
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September 23, 2014
06:06 EDTRCAPRCS Capital appoints John Grady as Chief Strategy and Risk Officer
RCS Capital, or RCAP, announced the appointment of John H. Grady as Chief Strategy and Risk Officer of RCAP. Prior to his appointment as Chief Strategy and Risk Officer, Grady held various executive management positions at RCAP and AR Capital. where he is currently serving as president of National Fund Advisors, an institutional asset manager and registered investment advisor.
06:04 EDTRCAPRCS Capital appoints Michael Weil as CEO
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September 18, 2014
06:19 EDTRCAPRCS Capital invests in Docupace Technologies
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