3/8/2012

Simon Property Group will acquire a 28.7% stake in European shopping center operator Klepierre for $2 billion. The REIT also plans to buy stakes in 26 retail centers in the U.S., bringing the total combined value of these transactions to $3.5 billion. It plans to issue 7 million shares of common stock and three new series of senior unsecured notes to help fund the transactions.

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Bloomberg

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