The American Realty Capital Trust, Inc., the Company ARCT +66.67% announced that it has commenced a modified "Dutch Auction" tender offer to purchase an amount in value of its shares of common stock up to $220.0 million from its stockholders in the Company believes the tender offer augments the options available to stockholders in connection to the listing today of its shares of common stock on the Nasdaq Global Select Market in accordance with the terms of the tender offer in the company will select the lowest price not greater than $11.00 nor less than $10.50 per share, net to the seller in cash, less any applicable withholding taxes and without interest will allow the company to purchase $220.0 million, or a lower amount depending upon the number of shares of common stock properly tendered and not withdrawn.
The American Realty Capital Trust, Inc., a publicly-traded Maryland corporation listed on The NASDAQ Global Select Market, is a leading self-administered real estate company that owns and acquires single tenant free standing commercial real estate properties that are primarily net leased on a long-term basis to investment grade credit rated and other creditworthy tenants in the statements in this press release that are not historical facts may be forward-looking statements in forward looking statements involve risks and uncertainties that could cause the outcome to be materially different.
The American Realty Capital Trust, Inc., a publicly-traded Maryland corporation listed on The NASDAQ Global Select Market, is a leading self-administered real estate company that owns and acquires single tenant free standing commercial real estate properties that are primarily net leased on a long-term basis to investment grade credit rated and other creditworthy tenants in the statements in this press release that are not historical facts may be forward-looking statements in forward looking statements involve risks and uncertainties that could cause the outcome to be materially different.
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