Friday, April 12, 2013

ARCP Scraps Cole Credit REIT Takeover Bid




National Commercial Real Estate News From CoStar Group





ARCP Scraps Cole Credit REIT Takeover Bid



American Realty Capital Properties, Inc. (NASDAQ: ARCP) has withdrawn its hostile bid to acquire Cole Credit Property Trust III, Inc. (CCPT III), ending at least for now the boardroom battle between two major players in the triple net lease property market.

ARCP Chairman and CEO Nicholas S. Schorsch said despite the support from stockholders of both companies, research analysts and financial industry leaders, "CCPT III’s actions make it clear that...






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