Simon says take $10B
David Simon, head of the nation’s largest mall owner, doesn’t like the taste of rejection — especially when it comes from a rival struggling to get out of bankruptcy.
After seeing its $10 billion offer for Chicago-based General Growth Properties rebuffed, the CEO of Simon Property Group yesterday took a more aggressive tone. He fired off a harshly-worded letter to General Growth CEO Adam Metz, urging him to accept the merger offer Simon submitted last week.
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