Macerich rejects merger; it's status quo for Ariz. malls

April 2, 2015 2:47 AM

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Macerich, a firm that owns many top Arizona malls, rejects a Simon Property Group's acquisition attempt.

A California-based company that operates many of Arizona's biggest and most prominent malls rejected a rival's unsolicited $23 billion acquisition offer, meaning there will be no change in ownership for the retail properties.

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