April 3, 2007 / 9:27 PM / 13 years ago

Simon and Farallon complete purchase of Mills

NEW YORK, April 3 (Reuters) - Simon Property Group Inc. (SPG.N) and hedge fund Farallon Capital Management on Tuesday completed the acquisition of Mills Corp. MLS.N, a retail property owner that had been plagued by accounting problems for over a year.

In a filing with the Securities and Exchange Commission, Mills said the joint venture between Simon, the largest U.S. mall owner, and Farallon, Mills’ largest shareholder was completed at a price of $25.25 per Mills share.

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