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Cole Real Estate Investments, Inc. Announces Final Results Of Its Modified Dutch Auction Tender Offer

Stocks in this article: COLE

PHOENIX, Aug. 15, 2013 /PRNewswire/ -- Cole Real Estate Investments, Inc. (NYSE: COLE) (the "Company") announced today the final results of its modified "Dutch auction" tender offer to purchase for cash up to $250 million in value of its shares of common stock (the "Common Stock") on the terms and subject to the conditions described in its Offer to Purchase dated June 20, 2013, which expired at 5:00 p.m., New York City time, on August 8, 2013. Goldman, Sachs & Co. and Lazard Freres & Co. LLC acted as the dealer managers for the tender offer.

(Logo: http://photos.prnewswire.com/prnh/20130802/MM58302LOGO)

Based on the final count by The Colbent Corporation, the paying agent and depositary for the tender offer, a total of 276,851,310 shares of Common Stock were properly tendered and not properly withdrawn at the final purchase price of $12.25 per share, including 26,381,194 shares of Common Stock that were tendered through notice of guaranteed delivery.  In accordance with the terms and conditions of the tender offer, and based on the final count by the paying agent and depositary, the Company will accept for purchase 20,408,163 shares of Common Stock properly tendered and not properly withdrawn prior to the expiration of the tender offer at a purchase price of $12.25 per share, for an aggregate cost of approximately $250 million, excluding fees and expenses relating to the tender offer.

Due to the oversubscription of the tender offer, stockholders who tendered and did not properly withdraw shares of Common Stock in the tender offer at the purchase price of $12.25 per share will have approximately 7.26% of their tendered shares of Common Stock purchased on a pro rata basis by the Company (other than "odd lot" holders, whose shares of Common Stock will be purchased on a priority basis).

Payment for the shares of Common Stock accepted for purchase under the tender offer, and return of all other shares of Common Stock tendered and not purchased, will occur promptly, in accordance with applicable law.

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