Wednesday, January 24, 2018

Ontario Teachers' Is Said to Test Investors on Macerich Bid

pension fund foldersOntario Teachers’ Pension Plan Board has held talks with other investors about a potential deal to take U.S. mall owner Macerich Co. private, according to people familiar with the matter.

The Canadian pension fund, which owns about 16.5 percent of real estate investment trust Macerich, has held discussions with firms including sovereign wealth funds about backing the potential bid, the people said, asking not to be identified as the details aren’t public. Talks are at an early stage and may not lead to a deal, the people said.. . . more

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