W.P. Carey merges with CPA 16 in $2.4B deal

07/26/2013 | Bloomberg · GlobeSt.com

W.P. Carey is merging with Corporate Property Associates 16 in a stock transaction that values CPA 16 at $11.25 per share. The $2.4 billion deal is part of W.P Carey's evolution into a leading net-lease non-traded REIT. Once the deal is finalized, the combined company’s market cap will be roughly $6.5 billion.

View Full Article in:

Bloomberg · GlobeSt.com

Published in Brief: