Malls in U.S. Offer Discount That’s Not for Customers: Real M&A
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The next wave of U.S. mergers may be coming to a shopping mall near you.
Washington Prime Group Inc., a Bethesda, Maryland-based owner of strip shopping centers and regional malls, agreed last month to buy rival Glimcher Realty Trust in a $4.3 billion deal. The transaction may spark further consolidation among owners of “B” malls, those that aren’t generally in the top tier of a major metropolitan area or are the main complexes in smaller cities, said DJ Busch, an analyst at Green Street Advisors Inc.