American Realty, NorthStar Deny Merger Talks
Gus Delaporte April 29, 2014, 9:40 a.m.
American Realty Capital Properties and NorthStar Realty Finance issued statements this morning denying the companies are in talks over a potential merger.
“While it is our policy not to comment on market rumors, ARCP would like to address recent speculation over merger discussions with NorthStar Realty Finance Corp. ARCP actively evaluates opportunities and is in discussions with many companies over potential combinations; however, the Company is not currently in discussions with NorthStar,” American Realty said in a statement.
Reports yesterday indicated the two parties were in talks over an offer of $20 per share, a deal valuing NorthStar at more than $6 billion. Shares in NorthStar Realty had fallen 6 percent as of 9:35 a.m. this morning.
“While NorthStar may engage in discussions with interested parties and focuses on maximizing shareholder value, NorthStar is not currently engaged in discussions with American Realty Capital Properties, Inc.,” NorthStar said in a separate statement.