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.NorthStar Realty shares fell nearly 7 percent to $16 before the bell. They had risen as much as 12 percent on Monday."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, a real estate investment trust, was in talks to buy NorthStar Realty, a loan originator and manager of commercial real estate debt. The discussions were preliminary, and there was no guarantee a deal would materialize, the sources said.
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 26142924.
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 40562188.
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