Simon, Brookfield Inch Toward JCPenney Acquisition, Real Estate Spinoff
 

Simon, Brookfield Inch Toward JCPenney Acquisition, Real Estate Spinoff

Century-old retailer JCPenney may have finally found its buyer this week after a long and rocky bidding and negotiation process. Mall operators Simon Property Group and Brookfield Property Group won an eleventh-hour bidding war that erupted when some of Penney's lenders jumped into the fray last minute to attempt to acquire the retailer.  


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