|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Simon Ratings And Outlook Unaffected By Agreement To Acquire Mills Corp. Feb 07
Standard & Poors, Feb 2007
Abstract
NEW YORK (Standard & Poor's) Feb. 20, 2007--Standard & Poor's Ratings Services today said that its ratings and outlook on Simon Property Group Inc. (Simon; A-/Stable/--) and its related entities are not immediately affected by the company's agreement to acquire Mills Corp. (Mills; not rated) in an equal joint venture partnership (JV) with Farallon Capital Management LLC (Farallon; not rated). Simon announced on Feb. 16, 2007, that the JV had entered into a definitive agreement to acquire Mills for roughly $7.9 billion. The transaction is structured as an all-cash tender offer and is expected to close during the second quarter of 2007, assuming approval by 51% of Mills' shareholders. Simon and Farallon will each contribute approximately $650 million in equity...
Companies mentioned in this report are: Simon Property Group, Inc,Simon Property Group, L.P.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
