By and and  on February 16, 2010

Simon Property Group Inc.’s $10 billion offer on Tuesday to acquire General Growth Properties Inc. as the rival shopping center owner tries to emerge from Chapter 11 bankruptcy protection could have far-reaching implications if it succeeds.

The deal would combine the two largest mall owners in the U.S. with a total of 550 properties and more than 450 million square feet of leasing space.

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