The Firm is representing Glimcher Realty Trust in connection with its acquisition by Washington Prime Group Inc. in a stock and cash transaction valued at $4.3 billion. Glimcher shareholders will receive, for each Glimcher share, $10.40 in cash and 0.1989 of a share of WPG stock at closing. As part of the transaction, Simon Property Group, Inc. has entered into an agreement to acquire two properties currently owned by Glimcher for an aggregate cash purchase price of $1.09 billion. The transaction is expected to close in the first quarter of 2015. The combined company will be renamed WP Glimcher and will maintain Glimcher’s headquarters in Columbus, Ohio.

Glimcher is a New York Stock Exchange-listed REIT that owns, manages, acquires and develops retail properties, including mixed use, open-air and enclosed regional malls and outlet centers. Washington Prime is a New York Stock Exchange-listed retail REIT that owns and manages 96 shopping centers totaling more than 50 million square feet diversified by size, geography and tenancy. The combined company will hold approximately 68 million square feet of gross leasable area and will have a combined portfolio of 119 properties.

The Simpson Thacher team includes Brian Stadler, Elizabeth Cooper, Ravi Purushotham, Mitch Ryan and Hana Nah (M&A); Sas Mehrara, Frank Giovinazzo, Allan Chorny, Jason Mohr and Scott Farmer (Real Estate); James Cross and Ismael Duran (Credit); Nancy Mehlman and Michael Cardella (Tax); Larry Moss, David Mollo-Christensen and Nadine Mompremier (Executive Compensation); Adeeb Fadil (Environmental); and Samantha Himelman (Intellectual Property).