Realty Income Corp. and VEREIT have closed on their previously announced merger, with Realty Income paying about $11 billion to create a combined company with an enterprise value of $50 billion.
The common stock of the combined company is now trading under the symbol "O" on the New York Stock Exchange.
Now that the deal has closed, the office properties are scheduled to be spun off on Nov. 12, into one new, self-managed publicly traded REIT with Realty Income continuing as the surviving public entity.
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