Developers complete acquisition of Chevy Chase-based Mills Corp.

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Simon Property Group Inc. and Farallon Capital Management LLC have finished their acquisition of Chevy Chase-based property manager The Mills Corp.

As part of the acquisition process, about 96.8 percent of shares owned by Mills investors have received a tendered offer and were accepted for payment. All outstanding shares can be converted to $25.25 in cash per share, without interest.

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