Rejection of ARC offer for Cole III is raising questions

03/25/2013 | InvestmentNews (free registration)

Chris Cole might have rejected what was widely viewed as a generous $5.7 billion offer for Cole Credit Property Trust III because it would have derailed a plan to have Cole III buy its investment manager, Cole Holdings, and begin trading on the New York Stock Exchange. Investors and advisers are contemplating whether to challenge Cole's quick decision to turn down the offer by American Realty Capital CEO Nick Schorsch.

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