This Day On The Street
Continue to site
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

COLE REAL ESTATE INVESTMENTS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del., Oct. 29, 2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:

  • Do you own shares of Cole Real Estate Investments, Inc. (NYSE: COLE) ?
  • Did you purchase any of your shares prior to October 23, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cole Real Estate Investments, Inc. ("Cole" or the "Company") (NYSE: COLE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by American Realty Capital Properties, Inc.  ("ARCP") (NASDAQ GS: ARCP) in a transaction valued at approximately $11.2 billion

Click here to learn more: http://www.rigrodskylong.com/investigations/cole-real-estate-investments-inc-cole.

Under the terms of the agreement, public shareholders of Cole may elect to receive 1.0929 shares of ARCP common stock, or $13.82 in cash for each share of Cole they own.  Based on ARCP's closing stock price on October 22, 2013, Cole shareholders who elected to receive ARCP shares would have received consideration valued at approximately $14.59 per share.

The investigation concerns whether Cole's board of directors failed to adequately shop the Company and obtain the best possible value for Cole's shareholders before entering into an agreement with ARCP.  A lawsuit has recently been in filed in Arizona federal court concerning the proposed transaction.

If you own the common stock of Cole and purchased your shares before October 23, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Gina Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/cole-real-estate-investments-inc-cole.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs