Spurned by Macerich, Simon to buy back up to $2B in stock

April 2, 2015 12:36 PM

62 0

Fresh off a retreat from its hostile $16.8 billion takeover bid for Macerich, Simon Property Group announced a stock buyback of up to $2 billion.

The Indianapolis mall operator said Thursday that the share repurchases will be made over the next two years as market conditions warrant.

Also read: Tencent, Alibaba in Group Buying $11.7 Billion Stake in State-Owned Telecom

Read more

To category page

Loading...