The company expects to emerge from Chapter 11 later this month under the ownership of Simon Property Group and Brookfield Property Partners.
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$SPG (+3.6% pre) Simon Property Group Closes Upsized Common Stock Offering - SI
Mall owners Simon Property Group and Brookfield Property Group have an agreement to buy JCPenney out of bankruptcy, the companies say
Simon Property Group, the nation's biggest mall owner, is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail economy.
Simon Property Group, the largest mall owner in the U.S., is “nervous” about some store chains and expects more bankruptcies coming for retailers with high debt loads: CEO said today on earnings call