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Simon Scraps Pursuit of Mall Rival Macerich Co.

Simon Scraps Pursuit of Mall Rival Macerich Co.
Macerich Co. (NYSE: MAC) today rejected the second unsolicited bid from Simon Property Group (NYSE: SPG), which immediately announced it was halting its pursuit of the Santa Monica, CA-based mall REIT. "The Macerich board carefully reviewed the revised proposal with the assistance of its financial, real estate and legal advisors, [read more]
Source: CoStar Group, Inc. NewsPublished on 2015-04-01
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