By Natalie Rodriguez ( March 5, 2015, 2:33 PM EST) -- Mall-focused real estate investment trust Macerich Co., which is estimated to have a market value of $13 billion, has reportedly been approached with a takeover offer from Simon Property Group Inc. in recent weeks, following an offer late last year, according to a Wall Street Journal report, which cited unnamed sources. Macerich, however, has also reportedly been discussing a potential takeover defense with advisers, the Wall Street Journal report said....
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