American Realty to take over Cole Real Estate in $7.2B deal

American Realty Capital Properties said it has reached an agreement to buy Cole Real Estate Investments in a cash-and-stock deal valued at about $7.2 billion. The transaction would create the largest real estate investment trust specializing in net-leased properties in the U.S. "We're both better companies today," said American Realty Chairman and CEO Nicholas Schorsch, who is expected to head the combined company.

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