By: Benzinga
April 02, 2013 at 16:22 PM EDT
American Realty Capital Raises Cash Portion of $9.7B Offer: Now Offering At Least $13.59/Share in Stock, $12.50/Share in Cash
American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP ) today sent another letter to the Cole Credit Property Trust III, Inc. ("CCPT III") Board of Directors which could increase the cash portion of its acquisition offer up to 60%, calling on the Board to act now on ARCP's offer to acquire 100 percent
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