Mergers & Acquisitions
By The Online Investor Staff, updated Wed., May. 13, 5:11 AM
Slide #70. Global Net Lease, Inc. — Modiv Industrial, Inc.
| Acquirer: |
Global Net Lease, Inc. (GNL) |
| Acquiree: |
Modiv Industrial, Inc. (MDV) |
| Details: |
Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") and Modiv Industrial, Inc. (NYSE: MDV) ("Modiv" ) announced today that the two companies have entered into a definitive merger agreement under which GNL will acquire Modiv in an all-stock transaction valued at an enterprise value of approximately $535 million. The transaction, once completed, will provide GNL with an attractive portfolio of high-quality mission-critical industrial properties across the United States while also providing Modiv stockholders with an immediate 25% expected increase in annual dividends and the opportunity to participate in the future growth of the combined company. |
Global Net Lease, Inc. is a real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Its Industrial & Distribution, Single-Tenant Retail, and Office segments owns, manages, and leases single-tenant properties where in addition to base rent, its tenants are required to pay for their property operating expenses or reimburse it for property operating expenses that the Co. incurs.
GNL SEC Filing Email Alerts Service
Preferreds: GNL.PRA, GNL.PRD, GNL.PRB, GNL.PRE
Open the GNL Page at The Online Investor » Global Net Lease, Inc. is a real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Its Industrial & Distribution, Single-Tenant Retail, and Office segments owns, manages, and leases single-tenant properties where in addition to base rent, its tenants are required to pay for their property operating expenses or reimburse it for property operating expenses that the Co. incurs.
GNL SEC Filing Email Alerts Service
Preferreds: GNL.PRA, GNL.PRD, GNL.PRB, GNL.PRE
Open the MDV Page at The Online Investor »
