Global Net Lease to Acquire The Necessity Retail REIT

Global Net Lease and The Necessity Retail REIT (RTL) announced on Tuesday a merger in an all-stock deal that it being received by analysts as acquisition. The final entity, also called Global Net Lease (GNL), will take over the management functions provided by AR Global and will perform its own property management.

Shareholders of The Necessity Retail would receive 0.67 shares of GNL for each common share of RTL stock they held, which is $7.08 per share based on May 23, 2023 share prices and a 35% premium to RTL’s 30-day volume-weighted average price.