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Fly News Breaks for March 20, 2015
SPG, MAC
Mar 20, 2015 | 13:20 EDT
Wells Fargo believes that Simon Property's (SPG) final takeover offer of $95.50 per share for Macerich (MAC) is "full and reasonable." The firm is not confident that Macerich can obtain a significantly higher offer if it pursues a formal marketing process. Wells keeps a Market Perform rating on Macerich.
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