Mills says Simon/Farallon offer is superior

Tue Feb 13, 2007 8:38am EST
 
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NEW YORK, Feb 13 (Reuters) - Mills Corp. MLS.N said on Tuesday it had received a definitive offer from Simon Property Group Inc. (SPG.N) and Farallon Capital Management L.L.C. to acquire the mall owner for $24 per share in cash.

Mills' board determined that the Simon/Farallon offer was superior to a bid submitted by Brookfield Asset Management Inc. (BAMa.TO). It plans to terminate its deal with Brookfield.

 
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