Global Net Lease Acquires Modiv Industrial in $535 Million All-Stock Merger
Global Net Lease, Inc. (GNL) has agreed to acquire Modiv Industrial, Inc. (MDV) for $535 million in an all-stock transaction aimed at expanding its industrial real estate portfolio and accelerating growth. The deal is expected to be immediately accretive by 4% to adjusted funds from operations per share while maintaining leverage neutrality.
Tickers: $GNL PRA
Topics: industrial_sectors real_estate stock_market_reaction