What's Going On With Realty Income Corporation Stock?
Portfolio Pulse from Erica Kollmann
Realty Income Corporation (NYSE:O) has agreed to acquire Spirit Realty Capital Inc. (NYSE:SRC) in an all-stock transaction valued at approximately $9.3 billion. The merger will result in an enterprise value of approximately $63 billion for the combined company. Realty Income's shares are down 6.32% at $45.91 at the time of publication.
October 30, 2023 | 3:30 pm
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NEUTRAL IMPACT
Spirit Realty Capital is being acquired by Realty Income Corporation in an all-stock deal.
The acquisition of Spirit Realty Capital by Realty Income Corporation could have various impacts on its stock price. The exact impact will depend on the terms of the deal and investors' reactions to it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Realty Income Corporation's stock price is down following the announcement of its acquisition of Spirit Realty Capital.
The announcement of the acquisition has led to a drop in Realty Income Corporation's stock price. This could be due to investors' concerns about the financial implications of the deal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100