March 20, 2013 at 12:04 PM EDT
American Realty Capital Properties (ARCP) up on Cole purchase
American Realty Capital Properties Inc. (NASDAQ: ARCP) shares hiked 2.7% to $14.30, after it announced Wednesday an offer to acquire Cole Credit Property Trust III, a commercial real-estate investment trust, for $5.7 billion U.S. in cash and stock. If the deal goes through, it could potentially yield in the largest public REIT in the net-lease sector. Share volume 3.2 million, nearly doubling its all-day average
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