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Pepper Hamilton LLP Acting as Legal Advisor to CPA:17 Special Committee in Proposed Merger With W. P. Carey Inc.

6/18/2018
Pepper Hamilton LLP Acting as Legal Advisor to CPA:17 Special Committee in Proposed Merger With W. P. Carey Inc.

Corporate Property Associates 17 – Global Incorporated (CPA®:17 – Global) has entered into a definitive merger agreement with W. P. Carey Inc., its advisor, in a transaction valued at approximately $6 billion. The transaction has been approved by CPA®:17 – Global's Board of Directors upon the unanimous recommendation and approval of a Special Committee consisting of CPA®:17 – Global's independent directors. The merger is expected to close in the fourth quarter of 2018, subject to the approval of stockholders of each of W. P. Carey and CPA®:17 – Global. Pepper Hamilton is acting as legal advisor to the CPA:17 Special Committee.

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