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Fly News Breaks for March 18, 2015
SPG, MAC
Mar 18, 2015 | 07:43 EDT
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.
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