Cole REIT Rejects ARCP Takeover Bid, Acquires Holding Co.

Law360, New York (April 5, 2013, 4:39 PM EDT) -- Arizona-based real estate investment trust Cole Credit Property Trust III Inc. has spurned a third hostile takeover bid by American Realty Capital Properties Inc. and completed the acquisition of its investment manager as a prelude to a public listing later this year, it said Friday.

CCPT III said it has closed the acquisition of Cole Holdings Corp., which oversees roughly $12 billion in property assets for more than 160,000 investors. The REIT will now move forward with its plan to be listed on the New York...
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