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Macerich rebuffs $16B hostile bid from Simon Property

2015-03-17 15:35:13| Real Estate - Topix.net

Mall operator Macerich has rejected a $16 billion hostile bid from competitor Simon Property Group and adopted a "poison pill" defense to defend against a takeover. Simon Property Group Inc. , already the nation's largest mall operator, went hostile earlier this month after saying that Macerich refused to negotiate a deal that would combine two of the largest U.S. mall operators.

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