Cole Real Estate Investments commences $250M stock repurchase

theflyonthewall.com

Cole Real Estate Investments has commenced a modified “Dutch auction” tender offer to purchase for cash up to $250M in value of its shares of common stock. The company intends to select the lowest price, not greater than $13.00 nor less than $12.25 per share, net to the tendering stockholder in cash, less any applicable withholding taxes and without interest, which would enable the company to purchase the maximum number of shares having an aggregate purchase price not exceeding $250M. The tender offer and withdrawal rights will expire at 5:00 p.m., NYC time, on August 8, unless the tender offer is extended or withdrawn. If stockholders elect to tender shares of common stock, they must choose the price or prices at which they wish to tender their shares and follow the instructions described in the Offer to Purchase, the related letter of transmittal and the other documents related to the tender offer.

View Comments (0)