Information Provided By: 
Fly News Breaks for June 19, 2015
SPG, MAC
Jun 19, 2015 | 12:38 EDT
Wells Fargo attributes today's 6% slide in shares of Macerich (MAC) to reports indicating Simon Property Group (SPG) is believed to have sold its 3.6% stake in the company in a block trade last night. The firm does not think the apparent exit is necessarily the ''final chapter'' between the two, noting that the stake was relatively small and could be reproduced if Simon sought to pursue a deal in the future. Wells, which keeps an Outperform rating on Simon, suspects that the company may repurchase its own shares with proceeds from the sale.
News For MAC;SPG From the Last 2 Days
There are no results for your query MAC;SPG
