American Realty withdraws offer to buy Cole Credit

Thu Apr 11, 2013 9:17am EDT

(Reuters) - Diversified real estate investment trust American Realty Capital Properties Inc (ARCP.O) withdrew its $6.7 billion offer to buy 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.

(Reporting by Tanya Agrawal in Bangalore)