American Realty Ups Cash Portion Of $9.7B Cole Offer

Law360, New York (April 2, 2013, 10:15 PM EDT) -- American Realty Capital Properties Inc. on Tuesday increased the cash portion of its $9.7 billion hostile takeover offer for Cole Credit Property Trust III Inc., hoping to sway Cole's board to consider an offer it says is in the best interest of shareholders.

The New York firm disclosed its move in a letter to the Cole board in which it expressed frustration at the chilly reception it has gotten since it launched the buyout bid last month. The cash portion of the offer for the Cole...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.