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Stock Market & Financial Investment News

News Breaks
February 5, 2013
08:37 EDTSPGSimon Property 2013 FFO likely to exceed guidance range, says Wells Fargo
After Simon Property reported Q4 results that Wells Fargo views as strong, the firm notes that Simon's 2012 FFO was 73c higher than its original guidance. The firm sees Simon as one of the best real estate REITs and maintains an Outperform rating.
News For SPG From The Last 14 Days
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March 30, 2015
10:51 EDTSPGWells thinks Macerich could be working on potential deal
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March 27, 2015
09:44 EDTSPGMacerich board meeting, likely to reject Simon bid, CNBC reports
The board of Macerich (MAC) is meeting and is likely to reject Simon Property's (SPG) best and final takeover offer, CNBC's David Faber reports. Shares of Macerich are trading down 96c to $86.00.
09:42 EDTSPGMacerich likely to reject Simon's best and final offer, CNBC's Faber says
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March 20, 2015
13:20 EDTSPGMacerich takeover offer from Simon 'full and reasonable,' says Wells Fargo
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10:43 EDTSPGMacerich confirms receipt of revised, unsolicited proposal from Simon Property
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08:23 EDTSPGMacerich drops 10% after Simon makes $95.50 per share 'best and final' offer
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07:47 EDTSPGSimon Property sends final offer to acquire Macerich for $95.50 per share
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07:45 EDTSPGSimon Property sends final offer to acquire Macerich for $95.50 per share
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March 18, 2015
07:43 EDTSPGMacerich could see increased takeout bid from Simon, says Cowen
Cowen noted Macerich (MAC) rejected Simon Property Group's (SPG) $91 per share offer, but believes Simon Property could increase its bid. The firm feels if that occurs Macerich would be more receptive to a buyout. Cowen reiterated its Outperform rating and $95 price target on Macerich shares.
06:07 EDTSPGMacerich downgraded to Sell from Neutral at UBS
UBS downgraded Macerich (MAC) to Sell citing reduced probability of a near-term sale after the company staggered its board and adopted a poison pill. The firm now assigns only a 20% probability of a takeout at $100 per share. It lowered its price target for the stock to $84 from $90. UBS says Simon Property's (SPG) $91 per share takeover was "not unreasonable" and that he company is unlikely to pay substantially more for Macerich. Shares of the real estate investment trust closed yesterday down $3.29 to $91.60.

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