American Realty Capital Global Trust II, Inc. Investment Losses
On September 26, 2016, American Realty Capital Global Trust II, Inc. (ARC Global) announced the expiration of the 45 day “go shop” period set forth in the merger agreement announced on August 8, 2016. The merger agreement, between ARC Global and Global Net Lease, Inc., is anticipated to close in the fourth quarter of 2016, pending shareholder approval.
According to reports, American Realty Capital Global Trust II, Inc. recently announced that its Board of Directors unanimously approved a definitive agreement to merge with Global Net Lease, Inc. (“GNL”) to create a premier, global, single-tenant net lease REIT with a pro forma enterprise value of $3.3 billion. Under the terms of the agreement announced Monday morning, ARC Global II shareholders will receive 2.27 shares of Global Net Lease for each of their shares.
Based on their announcement, it appears that ARC Global Trust II investors will receive$19.59 per share for the ARC Global Trust II shares, based on Global Net Lease’s closing price as of Aug. 5. That’s 21.7% less than the $25 a share price investors paid for ARC Global II shares during the IPO.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that some investors purchase high-risk alternative investments like ARC Global Trust II. Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.
Recovery of Investment Losses
If you suffered losses investing in ARC Global Trust II and would like a free consultation with a securities attorney, please call The White Law Group at (888-637-5510).
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
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