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REALTY INCOME SIGNS DEFINITIVE MERGER AGREEMENT TO BECOME SELF-ADMINISTERED AND SELF-MANAGED
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PR Newswire
- Article date:
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May 1, 1995
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Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ESCONDIDO, Calif., May 1 /PRNewswire/ -- Realty Income Corp. (Realty Income) (NYSE: O) today announced that the company has signed an agreement and plan of merger with R.I.C. Advisor Inc. (the "Management Company"), a separately owned company that advises Realty Income and manages its portfolio of commercial retail properties.
The agreement provides for the merger of the Management Company into Realty Income, pursuant to which all of the outstanding common stock of the Management Company will be converted into 990,709 shares of Common Stock of Realty Income, subject to certain closing adjustments based on the market price of the Common Stock and the amount of Management ...
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