Besides the higher per-share offer, Mills' board of directorsalso took into consideration the likelihood that the Simon/Farallontransaction could be completed more quickly than a merger withBrookfield.
Mills plans to terminate the merger agreement it has withBrookfield, which is still in effect, and enter into a definitiveagreement with Simon/Farallon. Brookfield has the right to make anew offer for the company as part of its merger agreement.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
