Mall Owner Macerich Settles Proxy Fight With Activist Funds
By Linda Chiem ( May 4, 2015, 5:18 PM EDT) -- The Macerich Co. said Monday that it will add two independent directors and end a stockholder rights plan to settle a proxy fight with activist investors left peeved by measures the California-based mall owner implemented to spurn a $16 billion takeover offer from rival Simon Property Group Inc....
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