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Stock Market & Financial Investment News

News Breaks
May 22, 2012
06:03 EDTSPGSimon Property CEO compensation deal rejected by shareholders, WSJ reports
Simon Property Group (SPG) shareholders turned down an eight year compensation package awarded to the real estate investment trust's CEO David SImon, which included an annual base salary of $1.25M and stock awards valued at $132M over that period, reports the Wall Street Journal. Reference Link
News For SPG From The Last 14 Days
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November 19, 2014
10:19 EDTSPGSimon Property looking to force transaction with Macerich, says Wells Fargo
Wells Fargo believes Simon Property Group (SPG) disclosed its 3.6% stake in Macerich (MAC) and requested a waiver from Macerich's 5% ownership limit since it is likely looking to force a transaction. However, Wells does not believe Macerich management is interested in a sale at this time and that this may remain an ongoing conversation "well into" 2015. The firm has an Outperform rating on Simon.
08:38 EDTSPGSimon Property discloses ownership stake in Macerich
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