American Realty Capital Properties Extends Tender Offer for Outstanding Cole Credit Property Trust, Inc. Shares

American Realty Capital Properties Extends Tender Offer for Outstanding Cole Credit Property Trust, Inc. Shares

NEW YORK, April 28, 2014 /PRNewswire/ -- American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP) announced today that its wholly-owned subsidiary, Desert Acquisition, Inc. ("Merger Sub"), has extended its tender offer (the "Offer") to purchase all of the outstanding shares of Cole Credit Property Trust, Inc. ("CCPT") common stock for $7.25 per share in cash, net to the seller in cash, without interest and less any applicable withholding taxes.  All terms and conditions of the Offer, other than the expiration date, remain the same.

Unless extended further, the Offer will now expire at 5:00 p.m., New York City time, on May 16, 2014.  The Offer was previously scheduled to expire at 12:00 midnight, New York City time, on April 25, 2014 (the end of the day on April 25, 2014).

The Offer was extended because the condition to the Offer that certain lender consents under mortgage loans secured by certain of CCPT's properties was not satisfied by the previously scheduled expiration date of the Offer.

As of 12:00 midnight at the end of the day, New York City time, on April 25, 2014, preliminary results indicated that approximately 6,364,125 shares of CCPT common stock had been tendered and not withdrawn, representing approximately 63% of CCPT's outstanding shares of common stock.

 

 

 

 

Stradling Litigator Marc Schneider Receives Prestigious Daniel R. Ginsberg Leadership Award

NEWPORT BEACH, Calif., April 28, 2014 /  Stradling is pleased to announce that Marc Schneider, Shareholder in the firm's Newport Beach office, is being honored by the Anti-Defamation League ("ADL") with the 2014 Daniel R. Ginsberg Leadership Award at its National Commission Meeting. This honor is given in recognition of leadership in the fight against anti-Semitism, racism and all forms of prejudice.

 Marc Schneider is a business and securities litigation shareholder with Stradling Yocca Carlson & Rauth.  He represents many of Orange County, California's best known public and private companies, private equity, and venture capital firms in their most important matters.  He also serves as Stradling's General Counsel, as well as on the Board of Directors and Claims Committee of Attorneys Insurance Mutual Risk Retention Group, a law firm malpractice insurer.  He was named one of the Top 20 attorneys under 40 in California in 2009 by the Daily Journal, California's leading legal newspaper. 

When not spending time with his beautiful wife Elena and two adorable daughters Sabina and Mila, Marc assists a number of non-profit organizations.  Working closely with Dean Erwin Chemerinsky, he is a Founding Board Member of the University of California, Irvine, Center for Corporate Legal Leadership.  The Center for Corporate Legal Leadership will train in-house counsel to be better corporate leaders, resulting in an LLM degree.  He also is a Founding Board Member of the OC Technology Alliance and serves as the Chair of its Legal Roundtable.  He serves on the Board of Trustees of Temple Bat Yahm, the Board of Directors of the Orange County Jewish Bar Association, and on the Executive Committee for the Sonenshine Pro Bono Reception, which introduces new Orange County attorneys to the numerous non-profit organizations that can use their pro bono services.  After graduating from the Steinberg Leadership Program and Chairing the Government Affairs Committee, Marc served as the Regional Board Chair for the ADL's Orange County and Long Beach Region from 2009 through 2013 and participates in its Leadership 2020 Program.

 

 

 

Design Success University's 2014 Interior Design Summit August 1-3 - Promises Profits and Passion

DENVER, April 28, 2014 /- For interior design professionals who want to learn critical business skills that add profits and passion to their business, Design Success University is offering the 2014 Interior Design Summit August 1-3 in Denver.

 

"Most designers operate from a place of passion. They went to design school because they love design," said Gail Doby, Design Success University's Chief Vision Officer." They therefore tend to spend too much time on the wrong things and end up feeling overwhelmed, even though they're not earning what they want to. The biggest reason behind this is that they don't have the clarity or business knowledge they need to set goals and then systematically achieve them." 

That's why the Interior Design Summit focuses on giving designers the skills and knowledge they need to operate their businesses as Chief Executive Officers AND interior design professionals. With a focus on better managing time, clients, and business details, the Summit provides business owners with exactly what they need to become ultra-efficient and more profitable.