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Strategies & Market Trends : Value Investing

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To: pcyhuang who wrote (24783)	10/9/2006 10:57:56 PM
From: pcyhuang	Read Replies (1) of 78745

MLS -- Moving Closer to Sale Full Story: blogs.nj.com Mark Ordan, the former chief financial officer of Mills Corp., was named chief executive of the Mills Corp., which is trying to sell its Xanadu project in the Meadowlands. Ordan replaces Laurence Siegel, who retired over the weekend. A company statement said Siegel will continue to guide the Xanadu sale. Mills, which has put the entire company up for sale, is also under investigation for its accounting practices by the SEC. Today's news is positive for College Park, Md.-based Mills shareholders, according to Richard Moore, an analyst who follows Mills for RBC Capital Markets. "This is moving Mills closer to a sale. It gives me more confidence that the sale will occur because of what is going on today."

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