Global Net Lease to merge with The Necessity Retail REIT in a $375m deal.

Global Net Lease, a publicly traded real estate investment trust, agreed to merge with The Necessity Retail REIT, a preeminent publicly traded real estate investment trust, in a $375m deal. "The merger of Global Net Lease and The Necessity Retail REIT is an exceptional opportunity to build a premier global net lease portfolio with very attractive future prospects. GNL Post-closing's enhanced corporate governance is highlighted by a majority-independent, declassified Board, as well as other enhancements that we are proud to institute. Combined with the internalization of management, we are realizing significant cost savings to our stockholders. I am honored to have the opportunity to lead an experienced and diverse group that is dedicated to building the long-term value of GNL," Sue Perrotty, GNL Chair of the Board of Directors.