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Simon Property Makes ‘Final’ Bid for Rival Mall Owner

Simon Property Group Inc. pronounced Friday that it was creation a “best and final offer” for opposition mall owners Macerich Co., lifting a per-share bid by 4.9% to $95.50 from $91.

Simon pronounced a lifted cash-and-stock offer now values Macerich during $16.8 billion, incompatible Macerich debt. Earlier this week, Macerich deserted a takeover offer from Simon Property, observant a unsolicited $16 billion bid undervalued a company.

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