NYSE
MAC

The Macerich Company

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of The Macerich Company (NYSE: MAC) Buyout Proposal

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of The Macerich Company (“Macerich” or the “Company”) (NYSE: MAC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s receipt of a proposal to be acquired by Simon Property Group, Inc. (“Simon”) (NYSE: SPG), in a transaction valued at approximately $22.4 billion.

Under the terms of the proposal, public shareholders of Macerich would receive $91.00 in cash and Simon shares for each share of Macerich they own.

The investigation concerns the Macerich’s board of directors’ process for consideration of the proposed transaction, whether the Company is acting in its shareholders’ best interests and whether the proposed consideration to be paid to Macerich’s shareholders would be fair and adequate.  According to Yahoo! Finance, at least one analyst has issued a price target for Macerich stock at $95.00 per share.

If you own the common stock of Macerich and purchased your shares before March 9, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803; by telephone at (888) 969-4242; or by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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