(To read more on the debt and equity markets, click here.)
SCOTTSDALE, AZ-Local sale-leaseback REIT Spirit Finance Corp.has entered into a definitive merger agreement with a consortiumconsisting of Australia's Macquarie Bank Ltd., Kaupthing Bank HF ofIceland and other independent equity partners. The closing willtake place by the end of the third quarter.
The consortium plans to acquire all outstanding shares of SpiritFinance's common stock for $14.50 per share in cash in atransaction valued at $3.5 billion. The deal includes theassumption of $1.9 billion in debt.
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