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Fly News Breaks for April 2, 2015
SPG, MAC
Apr 2, 2015 | 05:38 EDT
UBS upgraded Macerich (MAC) to Neutral saying the M&A premium is out of the stock following yesterday's pullback. UBS sees a "very low probability" of another company offering to buy Macerich at a "substantial" premium after the company rejected Simon Property's (SPG) best and final offer of $95.50 per share. It lowered its price target for shares to $80 from $84.
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