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News Breaks | | | | March 22, 2013 | | 07:12 EDT |  | ARCP | American Realty responds to Cold Holdings' letter to business partners
"Notwithstanding Cole's assertions to the contrary, ARCP fails to understand how CCPT III's board of directors, Goldman Sachs and its other advisors could thoroughly review, analyze or negotiate the ARCP proposal in the best interests of the CCPT III stockholders while having exerted no effort to engage, or even communicate with, ARCP, its management or its advisors. While ARCP does not believe that negotiating in a public forum is the most expedient method to maximize stockholder value for CCPT III, ARCP believes that the letter disseminated yesterday by Cole to its business partners is a distraction filled with many inaccuracies and omissions that distort the true nature of ARCP's value-creating proposal. As such, Cole's letter requires thorough fact-checking... Rather than engaging ARCP's board of directors in a constructive manner, Cole has instead chosen to disseminate false or misleading information. The institutional public markets have embraced the merits of ARCP's proposal, as evidenced by outsized trading volume of 22 million shares and an increase in its share price of 5.8% over the past two days." | |
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News For ARCP From The Last 14 Days Check below for free stories on ARCP the last two weeks. |
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| There are no results for ARCP |
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