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simon property group

May 7, 2010

David Simon, chairman of the board and CEO of family-run Simon Property Group, has sent a personal letter to General Growth Properties alongside an increased and final offer to acquire GGP.

David Simon, chairman of the board and CEO of family-run Simon Property Group, has sent a personal letter to General Growth Properties alongside an increased and final offer to acquire GGP.
 

February 24, 2010

David Simon doesn’t mince his words. When rival company General Growth Properties rebuffed his $10 billion offer to buy the business out of Chapter 11 bankruptcy proceedings, Simon penned a sharply worded letter to Adam Metz, his counterpart as chief executive, writes Darrell Delamaide

David Simon doesn't mince his words. When rival company General Growth Properties rebuffed his $10 billion offer to buy the business out of Chapter 11 bankruptcy proceedings, Simon penned a sharply worded letter to Adam Metz, his counterpart as chief executive, writes Darrell Delamaide.

February 16, 2010

Family-run real estate giant Simon Property Group has made a written offer to acquire rival General Growth Properties in a fully financed transaction valued at more than $10 billion.

Family-run real estate giant Simon Property Group has made a written offer to acquire rival General Growth Properties in a fully financed transaction valued at more than $10 billion.

Highlighting the company's current cash-rich status, SPG's offer includes approximately $9 billion in cash. Existing secured debt on GGP's portfolio of assets would remain in place.

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