NEW YORK ( TheStreet) -- Realty Income (O - Get Report) calls itself "the monthly dividend company." Its planned acquisition of American Realty Capital Trust (ARCT) will make that slogan as true as ever.The company said Wednesday that it has agreed to acquire American Realty Capital Trust in a deal valued at $2.95 billion. When the deal closes in the fourth quarter of this year, Realty Income will be the 18th largest REIT in the U.S., based on total pro forma equity market capitalization. It will be twice as large as the next largest net lease REIT.
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