Global Net Lease, The Necessity Retail REIT & AR Global Enter Cooperation Agreement With Blackwells Capital
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease (GNL) and The Necessity Retail REIT (RTL) have entered a Cooperation Agreement with Blackwells Capital. Blackwells will withdraw their nomination notices and proposals at both GNL and RTL, and vote in favor of the share issuances for the previously announced merger of GNL and RTL.
June 05, 2023 | 10:03 am
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POSITIVE IMPACT
Global Net Lease enters Cooperation Agreement with Blackwells Capital, which will support the previously announced merger with RTL.
The Cooperation Agreement with Blackwells Capital will lead to the withdrawal of nomination notices and proposals at GNL, and support for the share issuances for the merger with RTL. This is likely to have a positive impact on GNL's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Necessity Retail REIT enters Cooperation Agreement with Blackwells Capital, which will support the previously announced merger with GNL.
The Cooperation Agreement with Blackwells Capital will lead to the withdrawal of nomination notices and proposals at RTL, and support for the share issuances for the merger with GNL. This is likely to have a positive impact on RTL's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100