Simon Property Group (SPG) to acquire Prime Outlets Acquisition's outlet shopping center...

|About: Simon Property Group, Inc. (SPG)|By:, SA News Editor

Simon Property Group (SPG) to acquire Prime Outlets Acquisition's outlet shopping center business and some affiliated entities for $2.325B, including debt assumption. Simon expects the transaction to be immediately accretive to FFO, and will fund the cash portion of the deal (80%) using existing capital. SPG -0.7% premarket.

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