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Article: SIMON PROPERTY GROUP ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION

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PR Newswire
Article date:
May 18, 1995
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INDIANAPOLIS, May 18 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) along with Merrill Lynch & Co., Dean Witter Reynolds Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Morgan Stanley & Co. Incorporated, Kemper Securities, Inc., Legg Mason Wood Walker Incorporated, and McDonald & Company Securities, Inc. announced today the exercise and closing of an underwriters' over-allotment option to purchase 241,854 shares of SPG's common stock at $24.125 per share. Six million shares of SPG common stock were priced and sold in April of 1995.

The Company plans to use proceeds of this sale primarily to retire interim financing which was incurred to fund ...

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