CSC has come out strongly against the challenge thrown up by the Simon Property Group. It has announced that compared to the 425p offer being expected by Simon, its actual worth of shares was at 625p.

Official reports have confirmed that Simon Property Group Inc. is now looking to take General Growth Properties out of bankruptcy, and in a bid to do the same, the company offered to pay $7 Billion to creditors and about $3 Billion to shareholders on Tuesday, in a deal which would bring together the two largest American shopping mall owners.

It has been reported that Simon Property Group Inc. primarily based in Indianapolis, has placed a bid of almost $10 billion for General Growth Properties Inc. With General Growth struggling with bankruptcy, Simon Property Groups tries to accumulate this mall owner which is the second largest in the United States.

America's top ranked and largest mall owner Simon Property has managed to bag a deal to purchase Prime Outlets Acquisition Co. for over $700 Million, which will let the group add as many as 22 more outlet centers to its already impressive fleet of high-end centers.