American Realty In Talks To Buy NorthStar Realty - FT


American Realty Capital Properties Inc , a real estate investment trust, is in talks to buy NorthStar Realty Finance Corp in deal that could value the company at about $6.4 billion, the Financial Times reported.

The two companies are discussing an offer price of $20 per share, the FT said, citing sources familiar with the matter.

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NorthStar Realty's shares rose as much as 11 percent to $17.86 in early trading on the New York Stock Exchange. (