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Simon Property Group CEO Receives 1 Million Shares to Stay W
Simon Property Group CEO Receives 1 Million Shares to Stay W
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Simon Property Group CEO Receives 1 Million Shares to Stay W
U.S. mall owner Simon Property Group (NYSE:SPG) agreed to a plan that will give CEO and Chairman David Simon 1M shares to stay at the company for at least another eight years. Based on the share price when the board entered into the agreement July 6, the award was valued at $120.3M, according to a filing with the SEC.Simon Property has a potential upside of 1.4% based on a current price of $121.58 and an average consensus analyst price target of $123.33.Simon Property is currently above its 50-day moving average (MA) of $115.14 and above its 200-day of $104.89. In the last five trading sessions, the 50-day MA has climbed 0.47% while the 200-day MA has risen 0.35%.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: July 08, 2011
Date Produced: July 08, 2011
View Count: 0
 
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