Simon Property Group Inc. has recently offered to acquire General Growth Properties Ltd. According to the reports the deal is valued at more than $10 billion, of which about $9 billion will be in cash. If the deal would be finalized, it would create a company that would control around 30% of the U. S. retail market. As currently Simon controls about 15% of the malls in U. S. and General Growth has the control of nearly 14% of the mall space in U. S. Simon offered more than $9 per share, including $6 per share in cash to General shareholders. Apart from the cash Simon also offered them to receive a distribution of General Growth's stake in some real estate assets that will be around more than $3 per share. In its $10 billion offer Simon offered around $7 billion for General Growth's creditors. General Growth Properties Inc., a real estate investment trust, filed for bankruptcy last year. General Growth has been restructuring about $10.25 billion in debt covering 103 of its 200 properties. Simon also said that it has the support of General Growth's unsecured creditors for its offer. "Simon's offer provides the best possible outcome for all General Growth stakeholders," said David Simon, chairman and CEO, in a statement.