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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (74527)	12/14/2023 9:14:31 AM
From: E_K_S	Respond to of 78567

MAC: It's all about total return +10% yesterday; my avg cost at $9.50/share Wonder if we see a buyout for their real estate assets? AI BARD: Macerich Company (MAC) received a buyout offer June 2019, Simon Property Group (SPG) made a formal proposal to acquire all of the outstanding stock of Macerich. The offer was a combination of cash and stock, valued at $91.00 per share, for a total transaction value of approximately $22.4 billion. This offer included the assumption of Macerich's outstanding debt of approximately $6.4 billion. Macerich did receive a buyout offer in 2019. In fact, it was quite a significant event for the company. Here's the information you were looking for: Offer date: June 20, 2019 Offeror: Simon Property Group (SPG) Offer price: $91.00 per share in cash and stock (a very similar price to the recent offer!) Total transaction value: Approximately $22.4 billion Here are some additional details about the offer: Offer price per share: $91.00 (cash and stock combination) Total transaction value: Approximately $22.4 billion Offer date: June 2019 Current status: Under review by Macerich's board of directors It's important to note that the buyout offer is not yet final and there is no guarantee that it will be accepted by Macerich or its shareholders. You can stay updated on the latest developments by checking the news and investor relations sections of both Macerich and Simon Property Group's websites. --------------------------------------------------------- AI BARD is wrong many times so I would check the date but this sounds about right