PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Legal Issues  | Legal Issues

Law Office of Brodsky & Smith, LLC Announces Investigation of Cole Credit Property Trust III

Share with Twitter Share with LinkedIn

BALA CYNWYD, Pa., April 3, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cole Credit Property Trust III ("CCPT III" or the "Company") relating to the proposed offer to acquire the Company made by American Realty Capital Properties, Inc. ("American Realty") (Nasdaq:  ARCP).

It has been reported that American Realty sent a letter to CCPT III Board of Directors which could increase the cash portion of its acquisition offer up to 60%, calling on the Board to act now on American Realty's offer to acquire 100 percent of the outstanding common stock of CCPT III for either a minimum of at least $13.59 per share in stock, or $12.50 per share in cash. The proposed transaction would create the largest and highest quality publicly traded REIT in the net lease sector.

On March 6, 2013 CCPT III had announced that it had executed a definitive merger agreement, pursuant to which CCPT III will acquire Cole Holdings Corporation. Upon completion of the transaction CCPT III will change its name to Cole Real Estate Investments, Inc. and pursue a listing on the New York Stock Exchange. As consideration for the acquisition CCPT will make upfront payments of $20 million in cash, subject to adjustment, and 10,711,225 shares of CCPT III common stock, plus additional contingent compensation.

If you own shares of CCPT III stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/560--cole-credit-property-trust-iii.html, by calling toll free 877-LEGAL-90.

 

SOURCE Brodsky & Smith, LLC



RELATED LINKS
http://www.brodsky-smith.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release