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Simon eyes Macerich for potential acquisition
Indianapolis -- Simon Property Group has put out feelers to acquire The Macerich Company, confirmed by a letter from Simon chairman and CEO David Simon to Arthur Coppola, chairman and CEO of Macerich.
Macerich has not responded to the offer, although the letter from Simon references prior discussions that include a proposal by Simon to acquire all of the outstanding stock of Macerich for $91.00 per share in cash and Simon shares. The total value of the proposed transaction is approximately $22.4 billion.
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Fast-casual eatery Salata to open new headquarters, 20 stores
Houston – Salata, a custom salad and salad wrap restaurant eatery, will open a 26,000-sq.-ft corporate complex in West Houston. Construction on the facility began in January and completion is estimated for summer 2015.
The headquarters will house offices for the chain's corporate employees, a training restaurant for franchisees and managers and a production facility. It will also feature a 2,500-sq.-ft. restaurant open to the public during regular lunch hours, which will also serve as a test kitchen and training restaurant.