Realty Income shares are trading lower after the company announced it agreed to acquire Spirit Realty Capital in an all-stock transaction valued at an enterprise value of approximately $9.3 billion.
Portfolio Pulse from Benzinga Newsdesk
Realty Income has announced its agreement to acquire Spirit Realty Capital in an all-stock transaction valued at approximately $9.3 billion. This has led to a decrease in Realty Income's share prices.
October 30, 2023 | 3:29 pm
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Realty Income's shares are trading lower after the announcement of its acquisition of Spirit Realty Capital.
The announcement of the acquisition has led to a decrease in Realty Income's share prices. This is likely due to the market's reaction to the news, as acquisitions often lead to short-term uncertainty about the acquiring company's financial stability.
CONFIDENCE 90
IMPORTANCE 80
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