TrafficCourt

Mills Accepts Simon's Offer

RSS
Mall developer The Mills Corp. said Tuesday that it now plans to accept a $1.6 billion takeover bid by Simon Property Group Inc. and the hedge fund Farallon Capital Management LLC, spurning a lower offer from Canadian company Brookfield Asset Management that Mills agreed to last month.

Chevy Chase, Md.-based Mills said the Simon-Farallon offer at $24 per share constituted a "superior competing transaction" to Brookfield's proposed $21-per-share deal that was valued at $1.35 billion.

More here. Check our newsletter tomorrow for more on this story.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×