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Simon Spin-Off Washington Prime Buying Glimcher Realty Trust in $4.3B Deal

By Tim Trainor
CoStar News
September 16, 2014 | 1:12 P.M.

Washington Prime Group (NYSE:WPG), a retail REIT formed earlier this year as a shopping center spin-off from mall giant Simon Property Group (NYSE: SPG), agreed to acquire mall owner Glimcher Realty Trust (NYSE: GRT) in a deal valued at approximately $4.3 billion, including debt assumption.

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