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Top related persons:
Morgan Stanley - 2 Kannaki - 2 Shilpi Majumdar - 2 Wells - 1 Sumit Roy - 1 Wells Fargo - 1 SoFi - 1 originations - 1
Top related locs:
Bengaluru U.S Wells Fargo Wells San Francisco , California
Top related orgs:
Realty - 3 Spirit Realty Capital - 2 Spirit Realty - 2 Spirit - 2 Morgan Securities - 2 Thomson - 1 General Motors - 1 GM - 1

Search resuls for: "Spirit Realty Capital"


3 mentions found


☆ Realty Income to Buy Spirit Realty Capital in a $9.3 Billion Deal
  + stars: | 2023-10-30 | by ( Oct. | At A.M. | ) www.usnews.com   time to read: 1 min
(Reuters) - Realty Income said on Monday it would buy Spirit Realty Capital in an all-stock deal valued at $9.3 billion as it looks to expand its real estate portfolio. Shares of Realty Income are down 1.7% at $48.4 in premarket trading, while Spirit Realty was up 11% at $35.91. Under the terms of the agreement, Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own. Wells Fargo is serving as the financial adviser to Realty Income and J.P. Morgan Securities and Morgan Stanley & Co are serving as financial advisers to Spirit Realty. The deal is expected to close during the first quarter of 2024.
Persons: Wells, Morgan Stanley, Kannaki, Shilpi Majumdar Organizations: Reuters, Spirit Realty Capital, Spirit Realty, Spirit, Realty, Morgan Securities Locations: Wells Fargo, Bengaluru
☆ Realty Income to buy Spirit Realty Capital in a $9.3 billion deal
  + stars: | 2023-10-30 | by ( Kannaki Deka | ) www.reuters.com   time to read: +2 min
Oct 30 (Reuters) - Realty Income (O.N) said on Monday it would buy Spirit Realty Capital (SRC.N) in an all-stock deal valued at $9.3 billion as it looks to expand its real estate portfolio. Commercial real estate, especially offices, has been hit by interest rates hikes and workers choosing to stay at home. The combined portfolio is expected to result in reduced rent concentration for Realty Income's clients, while increasing the combined portfolio's annualized contractual rent from $3.8 billion to $4.5 billion, Realty Income said. Wells Fargo is the financial adviser to Realty Income, while J.P. Morgan Securities and Morgan Stanley & Co are serving as financial advisers to Spirit Realty. Spirit Realty primarily invests in single-tenant real estate assets given on long-term leases.
Persons: Sumit Roy, Wells Fargo, Morgan Stanley, Kannaki, Shilpi Majumdar Organizations: Spirit Realty, Realty, Spirit, Morgan Securities, Thomson Locations: U.S, Wells, Bengaluru
☆ Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more
  + stars: | 2023-10-30 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. McDonald's — Shares gained 2.3% after the company beat both top and bottom lines for the third quarter. Western Digital — Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter. Invitation Homes — The home leasing company rose nearly 1% following an upgrade to outperform by Oppenheimer. Saia — The transportation stock rose 3.4% on the back of an upgrade to outperform from peer perform by Wolfe Research.
Persons: SoFi, originations, McDonald's, Stellantis, LSEG, Revvity, FactSet, Oppenheimer, L3Harris, Raymond James, Eastman, AbbVie, Tesla, Bernstein, TD Cowen, —, Femsa, Saia, Jesse Pound, Samantha Subin, Pia Singh, Hakyung Kim, Justin Sullivan Organizations: General Motors, GM, CNBC, Ford, Spirit Realty Capital, Realty, Western Digital, Semiconductor, FactSet, Eastman Chemical —, JPMorgan, Barclays, Citi, Wolfe Research, SoFi Technologies Locations: U.S, San Francisco , California
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