Tags: Simon | Property | Macerich | mall

Simon Property Raises Offer For Macerich To $95.50 A Share

Friday, 20 Mar 2015 09:09 AM

 
Simon Property Group Inc., the largest U.S. shopping mall owner, raised its offer for smaller rival Macerich Co. to $95.50 per share in cash and stock.
 
Macerich rejected on Tuesday Simon Property's earlier offer of $91 per share and adopted a poison pill to prevent a hostile takeover.
 
Simon Property said on Friday that the offer, which has an enterprise value of $23.2 billion, would be withdrawn if Macerich did not meet with the company by April 1.

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Simon Property Group Inc., the largest U.S. shopping mall owner, raised its offer for smaller rival Macerich Co. to $95.50 per share in cash and stock.
Simon, Property, Macerich, mall
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2015-09-20
Friday, 20 Mar 2015 09:09 AM
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