Capital Shopping Centres (CSC) (CSCG.L) cut the price it is offering for the Trafford Centre by 8 percent, boosting the British mall owner's defence against U.S. peer Simon Property's (SPG.N) 2.9 billion pounds ($4.5 billion) approach. CSC, Britain's largest mall owner, said on Friday it would issue 205.9 million new shares to Trafford Centre owner Peel Group, down from the 224.1 million previously agreed. Peel accepted the new terms which valued the deal at 863 million pounds, based on CSC's close at 419.1 pence per share on Thursday. That was above the 400 pence the two sides agreed to value the new CSC shares at, up from an earlier 368 pence.
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