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September 17, 2014

Washington Prime to buy Glimcher

NEW YORK (AP) — Washington Prime Group Inc., which spun off from mall operator Simon Property Group earlier this year, said Tuesday that it is buying rival Glimcher Realty Trust. The cash-and-stock deal is worth about $2.06 billion.

The combined company will own 119 malls and shopping centers around the country.


 
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