American Realty Capital Properties Inc and NorthStar Realty Finance Corp said they were not currently in merger talks, a day after reports that American Realty was looking to purchase the real estate financing company."ARCP actively evaluates opportunities and is in discussions with many companies over potential combinations; however, the company is not currently in discussions with NorthStar," American Realty said in a statement.Sources told Reuters on Monday that American Realty was in talks to buy NorthStar Realty. The discussions were preliminary, and there was no guarantee a deal would materialize, the sources said."While NorthStar may engage in discussions with interested parties and focuses on maximizing shareholder value, NorthStar is not currently engaged in discussions with American Realty Capital Properties," the company said on Tuesday.
American Realty Capital Properties, Inc. is a real estate investment trust (REIT). Shares of ARCP fell by 3.0% or $-0.39/share to $12.62. In the past year, the shares have traded as low as $12.13 and as high as $18.05. On average, 10042700 shares of ARCP exchange hands on a given day and today's volume is recorded at 26139324.
NorthStar Realty Finance Corp. is an internally managed real estate finance company. Shares of NRF traded higher by 7.3% or $1.17/share to $17.20. In the past year, the shares have traded as low as $8.14 and as high as $17.93. On average, 8149920 shares of NRF exchange hands on a given day and today's volume is recorded at 40363008.
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