Simon Property: Federal Trade Commission Reviewing Prime Outlets Acquisition

Simon Property Group Inc.'s (SPG) chief executive said Friday the Federal Trade Commission is reviewing the company's $700 million acquisition of Prime Outlets Inc. announced in December.


"We have met with the FTC, and are fully cooperating in that review," said David Simon in a conference call with analysts and investors.

For the full article by A.D. Pruitt, Of DOW JONES NEWSWIRES