Simon offers $10 billion for General Growth Properties

02/16/2010 | Reuters · Wall Street Journal, The ·

Simon Property Group has made an unsolicited offer to acquire General Growth Properties for about $10 billion, which translates into $6 per share in cash and $3 per share interest in Simon's assets. Simon is among the best positioned to absorb the struggling No. 2 mall owner in the U.S. It reported stronger-than-expected earnings last month and raised several billion dollars in 2009 for acquisitions.

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Reuters · Wall Street Journal, The ·

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