Diversified real estate investment trust American Realty Capital Properties Inc withdrew its $6.7 billion offer to purchase Cole Credit Property Trust III after the trust rejected the offer twice. American Realty had raised its per-share offer to $12.50 in cash, or $13.59 in stock, from $12 in either cash or stock.
American Realty Capital Properties, Inc. is a real estate investment trust (REIT). Shares of ARCP remained unchanged at $15.50. In the past year, the shares have traded as low as $9.77 and as high as $15.67. On average, 2708010 shares of ARCP exchange hands on a given day and today's volume is recorded at 57400.
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