Simon Property Group, owner of malls and outlet centers, made its latest approach to buy rival Macerich in the past few weeks, according to a Wall Street Journal report.
Simon Property is yet to make a formal offer for Macerich, the report said.
In November, Simon Property disclosed that it had accumulated a 3.6 percent stake in Macerich during 2014. The latest approach follows an earlier one late last year.
Full Content: The Wall Street Journal
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