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REIT Store Capital agrees to be acquired by GIC and Oak Street in all-cash deal valued at $14 billion

REIT Store Capital agrees to be acquired by GIC and Oak Street in all-cash deal valued at $14 billion

Store Capital Corp. , a Scottsdale, Ariz.-based real estate investment trust, said Thursday it has agreed to be acquired by Singaporean sovereign fund GIC and Oak Street in an all-cash deal valued at about $14 billion. Oak Street is a unit of Blue Owl, a net lease investor. Under the terms of the deal, Store Capital shareholders will receive $32.25 per each share owned, equal to a premium of 20.4% over the stock's closing price on Wednesday, and a premium of 17.8% over the 90-day volume weighted