Mall Operator Simon Property Group Launches SPAC For Retail

Special purpose acquisition companies (SPACs) are the flavor of the month with investors and those wanting to take businesses public, and now Simon Property Group is getting in on the action. The shopping mall operator filed with the Securities and Exchange Commission (SEC) a notice it was creating Simon Property Group Acquisition Holdings, a SPAC that will target “an industry that will benefit from the experience, expertise and operating skills of our management team.” Read more at The Motley Fool.