LONDON, Dec 12 (Reuters) - Capital Shopping Centres Group plc:
* Says Simon Property's proposal 'incapable of implementation and
completely impracticable'
* Says peel reiterated to the csc board that it wishes to remain invested in UK
regional malls
* Csc says board continues to believe its in shareholders' best interests to
proceed with acquisition on terms agreed with peel
* Says not open to csc unilaterally to alter the terms of its legally binding
contract with peel
(London Corporate Finance; +44 207 542 9202) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says Simon Property's proposal 'incapable of implementation and
completely impracticable'
* Says peel reiterated to the csc board that it wishes to remain invested in UK
regional malls
* Csc says board continues to believe its in shareholders' best interests to
proceed with acquisition on terms agreed with peel
* Says not open to csc unilaterally to alter the terms of its legally binding
contract with peel
(London Corporate Finance; +44 207 542 9202) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.