Cole To Discuss Sweetened $9.7B American Realty Bid

Law360, New York (March 28, 2013, 3:32 PM EDT) -- A hesitant Cole Credit Property Trust III Inc. board on Thursday agreed to meet with American Realty Capital Partners Inc. to discuss its sweetened $9.7 billion takeover bid, opening the possibility that Cole would consider its smaller rival's reworked proposal despite previous flat-out rejections.

The Arizona REIT's decision comes one day after American Realty tweaked its offer to also include the purchase of Cole's external adviser, Cole Holdings. Cole has been firm in its refusal of its smaller rival's buyout bid thus far, saying its plans...
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