(Reuters) - Simon Property Group Inc , an owner of malls and outlet centers, said it had offered to buy real estate investment trust Macerich Co in a cash and stock deal for $22.4 billion including debt.
The offer $91 per share is premium of 4.9 percent to Macerich's Friday close of $86.72.
The per share offer will be 50 percent in cash and 50 percent in Simon common stock.
(Reporting by Sweta Singh in Bengaluru; Editing by Ted Kerr)
