Simons Raises Its Offer

Mar 20, 2015

The offer has been raised for the company that owns two malls in the Quad Cities. 

Simon Property Group boosted its hostile bid for the Macerich Company by 5 percent to $16.8 billion and says that will be its best and final offer. Simon says it's willing to pay $95.50 per share for Macerich, up from its previous offer of $91 per share.   Macerich owns Northpark and Southpark malls, and it bought them from Simon in 2010.