INDIANAPOLIS, March 31, 2015 /PRNewswire/ -- Simon Property
Group, Inc. (NYSE: SPG) today confirmed that it has withdrawn its
offer to acquire the outstanding shares of The Macerich Company
(NYSE: MAC) for $95.50 per share, in
light of the decision by the Macerich Board of Directors not to
engage in discussions with Simon.
About Simon
Simon is a global leader in retail real estate ownership,
management and development and a S&P100 company (Simon Property
Group, NYSE: SPG). Our industry-leading retail properties and
investments across North America,
Europe and Asia provide shopping experiences for millions
of consumers every day and generate billions in annual retail
sales. For more information, visit www.simon.com.
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CONTACT: Investors: Tom Ward,
317-685-7330, Media: Les Morris,
317-263-7711, George Sard/Hugh
Burns/Brooke
Gordon/Nat Garnick, Sard
Verbinnen & Co., 212-687-8080
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SOURCE Simon Property Group, Inc.