Independent proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co. recommended that Global Net Lease Inc. shareholders vote in favor of the company's pending merger with American Realty Capital Global Trust II Inc.

ISS said in its recommendation that the post-merger entity is expected to have an enterprise value of roughly $3.3 billion and reap $5.7 million in annual savings.

In its report, Glass Lewis said it views the deal as based on "sound strategic rationale" and considers the merger exchange ratio "financially fair and reasonable" to Global Net Lease.

Under the merger deal, Global Net Lease will acquire ARC Global Trust II by issuing 2.27 shares of its common stock for each ARC Global Trust II outstanding common share.