Capital Shopping Centers (CSC) has modified the points of its offer acquirement for The Trafford Centre, in a step to intensify its defense in opposition to a takeover offer of the UK-based firm done by the US mall operator Simon Property.

However Simon hit back, confirming its viewpoint that the takeover cost for the shopping centre which is close by Manchester and is possessed by the billionaire John Whittaker's Peel Group and is still very high.

During November, CSC possessing 13 shopping centers, counting Lakeside in Essex, exposed that it was in discussions to purchase the Trafford Centre from Peel, in a arrangement value £1.6bn, counting debt and equity.

This might have made Mr. Whittaker, the biggest shareholder of CSC's, with 19.9 per cent. However this urged Simon, a current CSC investor, to roll out a 425p a share conquest proposal for CSC that the UK-group has fervently discarded.

Until 12 January, Simon Property has to design its purpose concerning CSC obvious in a Conquest board decision.