The Cole Credit Property Trust III board says it plans to consider a second revised takeover proposal from American Realty Capital Properties and denies it is ignoring the overture. ARCP CEO Nicholas Schorsch had said the real estate investment trust is "really focused on completing [an internal] Cole merger ... without a shareholder vote." Cole representatives say they held "a lengthy conference call" with ARCP on Friday and followed up multiple times during the weekend.

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