Simon Property, Farallon complete tender offer for Mills shares
-
- March
- 29
Simon Property Group Inc. and Farallon Capital Management announced tonight that they have completed their offer of $25.25 per share for all outstanding shares of common stock of The Mills Corp.
The merger is expected to be completed in the next several days. Simon, a real estate investment trust based in Indianapolis, owns, operates or has an interest in 285 retail properties nationwide, including The Westchester in White Plains, the Nanuet and Jefferson Valley malls and Woodbury Common Premium Outlets in Central Valley.
The Mills, a publicly traded company based in Chevy Chase, Md., owns 42 retail venues in the United States, Canada and Europe, including The Galleria at White Plains.
Simon shares closed at $109.20, up 34 cents a share, on the New York Stock Exchange today, and Mills closed at $25.22, down 3 cents.
This entry was posted
on Thursday, March 29th, 2007 at 6:44 pm by Alison Bert.
You can follow any responses to this entry through the RSS 2.0 feed.
Print
| 
Email
