News

Update: Cole Credit to Consider American Realty’s $6.7 Billion Buying Bid; Shareholders Request Blocking Internal Merger

The Buyout bid of American Realty Capital Properties to take over Cole Credit Property Trust is now seeing some improvements. Cole Credit will be considering the increased and improved takeover offer worth $6.7 billion.Additionally, shareholders of Cole Credit have filed a lawsuit against the company seeking to block the Cole Holdings internal Merger.

Hedge Fund Manager Steven A Cohen Snags Hamptons Property for $60 Million

Famous hedge fund manager and founder of SAC Capital Advisers, Steven A Cohen has purchased a water-front property in east Hampton, Long Island for a solid $60 million. The purchase comes just after he listed his apartment in the Bloomberg Tower in Manhattan for a whopping asking price of $115 million.

Brooke Shields Dropping $4.3 Million on Southampton Home

Brooke Shields of the “Blue Lagoon” fame is reportedly under contract to buy a charming two-story single-family residence in the Southampton neighborhood of New York for $4.3 million. Shields and husband Chris Henchy are purchasing the property from former American football tight end, Vyto J. Kab.