American Realty Capital Properties Inc (ARCP) said it would purchase American Realty Capital Trust IV for $3.1 billion in cash and stock. The acquisition is expected to close by the end of the third quarter, ARCP said on Tuesday.
American Realty Capital Properties, Inc. is a real estate investment trust (REIT). Shares of ARCP remained unchanged at $14.80. In the past year, the shares have traded as low as $10.35 and as high as $18.05. On average, 3759470 shares of ARCP exchange hands on a given day and today's volume is recorded at 0.
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