Spirit Realty Shareholders Approve $9B Merger with San Diego’s Realty Income Corp. ...Middle East

Realty Income headquarters in Carmel Valley. Courtesy of the company The merger between Realty Income Corporation, of San Diego, and Dallas’ Spirit Realty Capital Inc. can proceed following Friday votes by Spirit stockholders to approve the deal. The companies announced the development in a joint news release Friday. The merger, while subject to closing conditions, is expected to close Tuesday. Realty Income (NYSE: O) shareholder approval is not required for the merger. The firm, with headquarters in Carmel Valley, announced the all-stock transaction, valued at approximately $9.3 billion, in October. At the time, Sumit Roy, president and CEO of Realty Income, said the deal will

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