Business & Finance
Tue, January 15, 2013Mon, January 14, 2013Sat, January 12, 2013Luxor Capital Group Announces That It Intends to Vote For the Revised American Realty Capital Trust Merger
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Published in Business and Finance on Monday, January 14th 2013 at 15:15 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Luxor Capital Group Announces That It Intends to Vote For the Revised... -- NEW YORK, Jan. 14, 2013 /PRNewswire/ --
NEW YORK, Jan. 14, 2013 /PRNewswire/ -- Luxor Capital Group, LP, a New York based investment manager ("Luxor"), beneficially owns and controls 16,569,757 common shares of American Realty Capital Trust (NYSE: [ ARCT ]), or approximately 10.5% of the common shares outstanding.
After reviewing the merits of the revised merger, Luxor plans to vote its shares in favor of the proposed transaction at the ARCT Special Meeting of Stockholders scheduled for January 16, 2013. Luxor believes that the additional consideration and increased pro forma dividend are materially positive changes and enough to earn Luxor's support.
Media Contact:
Norris Nissim
212-763-8041
General Counsel of Luxor Capital Partners, LP
SOURCE Luxor Capital Group, LP