A deal that could join the first and third-biggest shopping malls in the US together could be on the table after reports emerged that Simon Property Group Inc offered to buy Macerich Co for USD 14.39 billion in cash.
Mike Ashley, founder of Sports Direct in 1982, is selling a 2.6 per cent stake in the business, worth £117 million, in a deal with Goldman Sachs.
Next goes from strength to strength as the retailer on Wednesday announces sales in the first thirteen weeks of the year were up 10.8 per cent.
Sports Direct founder Mike Ashley surprised the industry once more last night with an unexpected sale of shares worth more than £200 million of his sports business.
Having revealed on Friday that Pets at Home will be listed with an implied market capitalisation of £1.3 billion, private equity owner KKR could now be in line for a £200 million pay-out, while the retailer’s management could also be up for cash and share payments worth more than £20 million.
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