Mills gets investment offer of $1.2 billion
From Reuters
Gazit-Globe Ltd., an Israeli-based real estate investment company, said it had offered to invest as much as $1.2 billion in Mills Corp. to give the U.S. shopping mall owner and developer an alternative to an outright sale.
The news of the offer sent Mills’ stock up $2.34, or 13.8%, to $19.35. Shares reached $20.50, their highest level since August, in early trading.
Mills, based in Chevy Chase, Md., has said it is considering strategic alternatives as it faces a federal regulatory investigation into its accounting.
