Cole chief defends decision to reject American Realty bid

06/25/2013 | InvestmentNews (free registration)

Cole Real Estate Investments chief Marc Nemer defends his decision to reject a bid by rival American Realty Capital Properties that was higher than Cole's first-day opening stock price. Weighing against the offering June 21 was a broadly down market. But overall, Nemer said, "We didn't like the value that was put on the table or the structure."

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