Realty Income Corporation, the Monthly Dividend Company, and American Realty Capital Trust, Inc. have announced a definitive merger agreement under which Realty Income will acquire all of the outstanding shares of American Realty Capital Trust in a transaction valued at approximately $2.95 billion.

Latham & Watkins LLP advised Realty Income in the transaction with a corporate team led by partners William Cernius in Orange County, CA (Costa Mesa) and Paul Tosetti in Los Angeles, with partner Julian Kleindorfer and associate David Wheeler in Los Angeles, and associates Libby Stockstill, Michael Young, Chase Leavitt, John Raney, Mathew Davis-Ratner and Jeffrey Holgate in Orange County. Advice was also provided on finance and real estate matters by partner David Meckler in Orange County, with associates Shannon Jensen in San Diego and Nathan Logan in Chicago; on environmental matters by partner Christopher Norton and associate Charles Anthony in Orange County; on employee benefits and compensation matters by partner David Taub and associate Michelle Carpenter in Los Angeles; on tax matters by partners Michael Brody and Ana O’Brien, with associate Mimi Chao, in Los Angeles; and on litigation matters by partners Miles Ruthberg in Los Angeles and Michele Johnson in Orange County with associate Andrew Gray.


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