By Giles Barrie2010-12-15T13:35:31.013+00:00
Capital Shopping Centres today said that Simon Property Group’s indicative bid to buy the company had undervalued it by around £1.3bn.
Simon Property Group has reached an agreement on the financial terms of a £3bn loan facility which would enable it to satisfy in full its offer for Capital Shopping Centres.
Capital Shopping Centres (CSC) has rejected Simon Property Group’s £2.9bn takeover bid, claiming it “very substantially undervalues” the company.
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