This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

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.


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depositary for the tender offer, a total of 276,851,310 shares of Common Stock were properly tendered and not properly withdrawn at the final purchase price of $12.25 per share, including 26,381,194 shares of Common Stock that were tendered through notice of guaranteed delivery.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depositary, the Company will accept for purchase 20,408,163 shares of Common Stock properly tendered and not properly withdrawn prior to the expiration of the tender offer at a purchase price of $12.25 per share, for an aggregate cost of approximately $250 million, excluding fees and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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs