Simon offers General Growth $10 billion buyout (11:43 a.m. 2/16/10)
Published: February 16, 2010
Tags: Bay Park Square in Green Bay, Fashion Valley Mall in San Diego, Forest Mall in Fond du Lac, Fox River Mall in Appleton, General Growth Properties, Glendale Galleria in Southern California, Houston Galleria, Johnson Creek Premium Outlets in Johnson Creek, Mayfair Mall in Wauwatosa, Oakwood Mall in Eau Claire, Simon Property Group, South Street Seaport in Manhattan, Southridge Mall in Greendale
Indianapolis (AP) — The nation’s largest shopping mall owner, Simon Property Group, made a $10 billion hostile bid Tuesday to acquire its ailing rival, General Growth Properties. The deal would allow General Growth, the No. 2 owner of shopping centers, to emerge from Chapter 11 bankruptcy protection. General Growth filed for bankruptcy protection last year [...]