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Federated-May Merger: With a Deal Imminent Market Weighs Fallout

Merger talks between Federated and May continued over the weekend, with both boards in New York. The firms are said to be close to a deal.

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“We see the consolidation that is probably going to happen as very positive for us because there is a lot we can do with those spaces [that are given back to us],” said Robert Michaels, president and chief operating officer of General Growth Properties Inc., in a company conference call earlier this month when the firm discussed fourth-quarter results.

— With contributions from Evan Clark, Vicki M. Young and Amy S. Choi

 

 

See related article, "May's Whirlwind Year"

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