British mall owner Capital Shopping thinks it's worth as much as 625 pence/share, more than the...

|By:, SA News Editor

British mall owner Capital Shopping thinks it's worth as much as 625 pence/share, more than the 425 pence ($4.6B) that U.S. developer Simon Property (SPG +1.5%) offered. It's more than the usual posturing, analysts say; Capital has set its valuation sights so high that Simon, widely viewed as a disciplined buyer of real estate assets, is unlikely to even meet it halfway.