NEW YORK, Nov. 4, 2013 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of Cole Real Estate Investments, Inc. ("Cole Real Estate"
or the "Company") (NYSE: COLE) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to American Realty Capital Properties, Inc. (ARCP) in a
cash or stock deal valued at approximately $11.2 billion. Under the terms of the
proposed transaction, Cole Real Estate's stockholders will receive
either $13.82 or 1.0929 shares of
American Realty common stock for each share of Cole Real Estate
common stock they own. The stock share offer is valued at
$14.59 per Cole common share based on
American Realty's closing price of $13.35 on October 22,
2013. The offer price only represents a premium of 13.8%
based on Cole Real Estate's closing price of $12.82 on October 22,
2013.
(Logo:
http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)
Request more information now by clicking here:
www.faruqilaw.com/COLE. There is no cost or obligation to
you.
The investigation focuses on whether Cole Real Estate's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Cole Real Estate's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Cole Real Estate Investments, Inc.
and wish to obtain additional information and protect your
investments free of charge, please visit us at
www.faruqilaw.com/COLE or contact Juan E.
Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP.
The law firm responsible for this advertisement is Faruqi &
Faruqi, LLP (www.faruqilaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
SOURCE Faruqi & Faruqi, LLP