This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Cole Investor Alert - Cole Real Estate Investments - Law Firm Seeks Higher Merger Consideration And More Information For Shareholders In Connection With Its Acquisition By American Realty

Stocks in this article: ARCPCOLE

NEW YORK, Oct. 23, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Cole Real Estate Investments, Inc. (NYSE: COLE) on behalf of its shareholders.  American Realty Capital Properties Inc. (NASDAQ: ARCP) announced that it has entered into a definitive merger agreement with Cole to merger the two companies.

Under the terms of the merger agreement, ARCP would offer 1.0929 of its shares or $13.82 in cash for each Cole share.  The stock offer is valued at $14.59 per Cole share based on ARCP's closing price of $13.35 on October 22, 2013.

The investigation concerns whether the senior management and board of directors of Cole breached their fiduciary duties to shareholders by selling the company for an unfair price through an unfair process.  Indeed, the book value alone of the company is worth over $8 per share and analysts have projected the stock to be worth more than the offer price ( $15 per share).  Further, the offer is well below that of multiples of comparable deals in the industry recently.

If you would like additional information as to how this acquisition of Cole affects your rights as a shareholder, please contact us at:

Tripp Levy PLLC New York, New YorkToll Free: 1-877-772-3975Email: contact@tripplevy.com  www.tripplevy.com

Tripp Levy PLLC is a national law firm and has recovered millions of dollars for shareholders around the globe in mergers and takeover matters.  Attorney advertising.  Prior results do not indicate a similar outcome.

SOURCE Tripp Levy PLLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs