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American Realty Capital Properties Inc Announces Intention To Close Caplease Merger Earlier Than Expected In Third Quarter Of 2013 In Light Of Expiration Of Caplease's 40-day "Go Shop" Period


Monday, 8 Jul 2013 06:24am EDT 

American Realty Capital Properties Inc announced its intention to close its previously announced merger with CapLease, Inc. (CapLease). Following CapLease's announcement of the expiration of its 40-day "go shop" period without receipt of any alternative proposals, the Company expects to close the transaction in the third quarter of 2013. CapLease's recent filing of its preliminary proxy statement in connection with its special meeting, at which CapLease stockholders will vote whether to approve the merger, and the expiration of the "go shop" period, provide ARCP with a clear timetable for the closing of the CapLease acquisition.