Aug
10
GNL’s Global II Acquisition Good for ‘Future Growth’
ByOfficials of both REITs said the $3.3 billion merger would benefit both companies and it seems very likely to move forward.
Scott Bowman, president & CEO, Global Net Lease
New York—The head of Global Net Lease said a planned merger between GNL and American Realty Capital Global Trust II “brings together two high quality strategically aligned portfolios and sets a stronger foundation for GNL’s future growth.” The merger would also create a global net lease mega-REIT with a combined enterprise value of $3.3 billion.
Scott Bowman, GNL president & CEO, made the remarks during a second-quarter earnings call in which he also discussed the announcement that the two net lease REITs would be merging by the fourth quarter if all approvals—including from shareholders of both REITs—are obtained…
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