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Macerich rebuffs $16B hostile bid from Simon Property

2015-03-17 15:35:12| Real Estate - Topix.net

Simon Property Group Inc., the largest mall operator in the U.S., went hostile earlier this month after saying that Macerich refused to negotiate a deal that would combine the two largest U.S. mall operators. Indianapolis-based Simon offered $91 per share in cash and stock for each Macerich share.

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