AR Global and Blackwells Capital End War Over GNL and RTL
Global Net Lease Inc. (NYSE: GNL) and The Necessity Retail REIT Inc. (NASDAQ: RTL) with the REIT’s external manager, AR Global, announced that they have entered into a cooperation agreement with Blackwells Capital.
As The DI Wire previously reported, GNL and RTL entered into a definitive merger agreement in May 2023.
After extensive disagreements and lawsuits, under the terms of the cooperation agreement, the Blackwells parties will withdraw their nomination notices and proposals at both GNL and RTL and have agreed to vote in favor of the share issuances for the previously announced merger of GNL and RTL and internalization transactions at the GNL special meeting.