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Macerich rejects Simon's latest acquisition bid
2015-04-03 08:36:46| Real Estate - Topix.net
The Danbury Fair mall is busy Friday, the day after Christmas, with shoppers taking advantage of after-Christmas sales Photo: Carol Kaliff The Macerich Co.' s board of directors has unanimously rejected a second proposal from rival mall owner and operator Simon Property Group to acquire it in a deal worth $23.2 billion.
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Simon ends $16.8B bid to buy rival mall operator Macerich
2015-04-01 13:45:50| Real Estate - Topix.net
The Simon Property Group is calling off its hostile $16.8 billion takeover bid for Macerich which would have tied together two of the nation's largest mall operators. The Indianapolis company upped its bid two weeks ago, calling it a best and final offer.
Is the Price Right for Macerich?
2015-03-26 14:57:00| National Real Estate Investor
The clock continues to wind down on the deadline for The Macerich Co. to either accept or reject Simon Property Group Inc.'s best and final offer to acquire all outstanding shares of Macerich for $95.50. The deadline is April Fool's Day, and there's a lot of debate about which would be more foolish: accepting Simon's offer or rejecting it. read more
KB Home, Biogen, Macerich, Tiffany and AK Steel are big market movers
2015-03-20 22:16:38| Steel - Topix.net
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: Fellow mall operator Simon Property boosted its hostile bid for the company, saying it was making its best and final offer. The steel company forecast a first-quarter loss because of an increase in imports and lower-than-expected shipments and prices.
Simon Property boosts its bid for Macerich to $16.8B
2015-03-20 15:03:29| Real Estate - Topix.net
Mall operator Simon Property boosted its hostile bid for rival Macerich by 5 percent to $16.8 billion and says that will be its best and final offer. Shares of Macerich fell almost 8 percent to $86.10 in premarket trading Friday.