Examining the Phoenix impact of American Realty’s $11B purchase of Cole Real Estate

ColeBy Kristena Hansen | Phoenix Business Journal

For New York-based American Realty Capital Properties Inc. (Nasdaq: ARCP), the fourth time is the charm. The real estate investment trust, or REIT, finally was able to ink an $11.2 billion deal to buy Phoenix-based rival Cole Real Estate Investments Inc. (NYSE: COLE), bringing an amicable end to what had started out as a thrice-attempted hostile takeover earlier this year.

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