Articles

Macerich investors want more to clinch mall megadeal

Simon’s acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24 percent since November on takeover speculation fanned by Simon.

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Simon Headquarters

Macerich, Simon shares rise on talk of acquisition

Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.

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Simon HQ

Simon interested in acquiring West Coast mall owner

Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.

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Debate on cold medicine prescriptions lingers

Lawmakers involved in the debate over how to curb Indiana's methamphetamine problem say a bill that would require drug felons to get a prescription before buying common cold medicine is likely just another step toward an eventual prescription requirement for all consumers.

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Sunday alcohol sales bill is dead, key legislator says

Bill author Tom Dermody, R-LaPorte, said Tuesday morning that he doesn’t have the votes to move the bill to the Senate, largely because it includes new restrictions on the way alcohol could be sold at drug stores, big-box stores and other retailers.

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