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US: Simon Property moves on Macerich acquisition

By  |  March 5, 2015

Simon Property Group, owner of malls and outlet centers, made its latest approach to buy rival Macerich in the past few weeks, according to a Wall Street Journal report.

Simon Property is yet to make a formal offer for Macerich, the report said.

In November, Simon Property disclosed that it had accumulated a 3.6 percent stake in Macerich during 2014. The latest approach follows an earlier one late last year.

 

Full Content: The Wall Street Journal

 

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