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Santa Monica shopping center landlord Macerich Co. is under siege by rival Simon Property Group in a $15.3 billion hostile takeover attempt that could join two of the country’s largest mall owners.
March 9, 2015
Macerich Co., owner of Santa Monica Place, has rejected an unsolicited bid from rival mall owner Simon Property Group Inc., saying the $16-billion proposal “substantially undervalues” the company.
March 17, 2015
Mall landlord giant Simon Property Group has ratcheted up its rhetoric in its apparently hostile $16-billion takeover attempt of rival Macerich Co. of Santa Monica that could join two of the country’s largest shopping center owners.
March 10, 2015
Despite the meteoric rise of online shopping, traditional malls still occupy prime real estate in the retail landscape — as evidenced by the $16-billion bid for Macerich Co., owner of Santa Monica Place and dozens of other shopping centers.
Shopping mall owner Macerich Co. said Friday that it had agreed to acquire the largest mall operator in the fast-growing Phoenix area for $662 million and the assumption of debt in a deal that would transform the Santa Monica-based company into one of the nation’s largest owners of retail real estate.
June 1, 2002
Macerich Co. did some last-minute holiday shopping, announcing Thursday that it had agreed to pay $1.45 billion for controlling stakes in 11 East Coast shopping malls.
Dec. 24, 2004
Simon Property Group Inc., the nation’s largest mall owner, said it made its “best and final offer” Friday morning to acquire Santa Monica-based rival Macerich Co., upping the per-share bid to $95.50 from $91.
March 20, 2015
Mall operator Macerich said Monday it settled a proxy fight with two investment funds, and will nominate two new directors to its board while dropping a “poison pill” measure that helped it stave off an attempted takeover.
May 4, 2015
Macerich Co. said it sold a 448,000-square-foot community shopping center in Marina del Rey for $99 million, cutting its debt.
Dec. 27, 2001
Real estate investment trust benefits from sale of $23 million of assets. Revenue rises 18%.
Nov. 5, 2003