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An Israeli real estate company disclosed a 9% stake in Mills Corp.(MLS Quote) Wednesday and said it may invest $1.2 billion as part of a recapitalization of the troubled mall developer.
Shares of Mills surged $1.98, or 12%, to $18.99 on the news.
According to a Securities and Exchange Commission filing Wednesday, Gazit-Globe Ltd. bought 5.1 million Mills shares and has held discussions with the real estate investment trust's management about a recapitalization. ...
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