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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowSimon Property Group might have to work harder to buy Mills Corp., say analysts quoted by The Toronto Star.
Indianapolis-based Simon, the world’s largest shopping mall owner, joined with Mills shareholder Farallon Capital Management yesterday to offer an unsolicited bid of $1.56 billion for the Chevy Chase,
But
Mills, which fears it might need to seek bankruptcy protection after an internal investigation turned up accounting errors and official misconduct, specializes in flashy malls tied to entertainment.
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