Shareholders approve merger of nontraded and traded REITs

02/28/2013 | InvestmentNews (free registration)

The merger of nontraded real estate investment trust American Realty Capital Trust III and the traded REIT American Realty Capital Partners has been approved by shareholders. Holders of American Realty Capital Trust III shares can receive 0.95 share of American Realty Capital Properties or $12 in cash for each share.

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