As I mentioned, we’ll both file a joint proxy on the transaction. Both companies will then seek the approval of shareholders. And we’ll look to mail the proxy and the vote card probably some time in November, and that will be dependent on the SEC review and then look to close this in the fourth quarter or perhaps early in the first quarter of 2013. After doing such then, post the closing, Realty Income shareholders will own about 74% of the company and ARCT’s shareholders will own about 26% and that’s the transaction.Let me talk for a minute about how we view this transaction from the Realty Income side and then we’ll turn it over to Nick and Bill to talk about from their side. For Realty Income, we’re a 43-year-old company and we’ve been listed on the New York Stock Exchange since 1994. And as you might imagine, during that time we’ve had really numerous opportunities to look at acquiring other public companies that might complement our company’s operations.
Realty Income's CEO Discusses Acquisition Of American Realty Capital Trust Conference (Transcript)
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