Entering text into the input field will update the search result below

Is a better offer on the way for Macerich?

Mar. 19, 2015 3:22 PM ETThe Macerich Company (MAC) StockSPG, MACBy: Stephen Alpher, SA News Editor
  • "Unless Macerich (MAC +1.7%) wants to do a deal, there won't be a deal," says Sandler O'Neill's Alexander Goldfarb, as history shows hostile takeovers of REITs are very difficult.
  • Previously: Macerich rejects Simon offer, adopts poison pill (March 17)
  • Still, Macerich's current price of $93.84 vs. Simon Property's (SPG +0.2%) $91 offer suggests traders expect someone to sweeten the pot, and KeyBanc's Todd Thomas says the anti-takeover measures adopted by Macerich aren't as tough as they seem.
  • BMO's Paul Adornato calls David Simon a disciplined acquirer, not afraid to walk away when the numbers don't make sense, and he suggests even a $115 bid - suggesting a cap rate of just 4% - but not be too high, given the amount of income growth Simon feels it can still wring from Macerich's assets.

Recommended For You

More Trending News

About MAC Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
MAC--
The Macerich Company
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.