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Cole Credit Property Trust III gets $5.74 billion bid

March 21, 2013

American Realty Capital made a $5.74 billion cash-and-stock bid for Cole Credit Property Trust III on Wednesday in a deal that would create one of the biggest publicly traded real-estate-investment trusts. New York-based American Realty Capital said that it had not heard back from the Arizona real-estate-investment fund about an earlier buyout offer.

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