big news for ARCP just when owenrs of ARCT III want to move on
I see big news about ARCP trying to buy Cole III. Certainly are a number of moving parts at this time with recent assumption of ARCT III owners and them trying to get shares transferred to brokerage from Computershare to sell. I hope this does not drive the market for ARCP down on the news (buyer usually goes down in a merger) but it tightens the screws on Cole Holding which thought they had a buyer for their declining market share business. If Cole refuses and they don't offer better terms in June for the announced merger of Cole III and Holdings, owners there will not be happy.