Cole Investors Aim To Kill $11B American Realty Merger

Law360, Los Angeles (October 28, 2013, 10:45 PM EDT) -- Less than a week after American Realty Capital Properties Inc. inked an $11.2 billion deal to merge with Cole Real Estate Investments Inc., Cole investors on Friday filed a putative class action seeking to block the deal for not adequately compensating shareholders.

Plaintiff David Wunsch brought the suit in Arizona federal court, claiming the deal between the companies undervalues Cole and requires it not to solicit for competing bids and to give American Realty three days to counter any competing offer, which the suit calls an...
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