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.
CONTACT:
Rigrodsky & Long, P.A.
Seth Rigrodsky
Gina Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.