Categories
Uncategorized

Simon Property, Taubman Agree to Revise Merger Deal

High-end mall developer Taubman Centers Inc. has agreed to accept a price cut in its takeover by Simon Property Group Inc., in a move that will allow the companies to avoid a drawn-out legal battle that was set to start Monday.
The companies have agreed that Simon will pay $43 a share for Taubman under the new deal, they said Sunday. That is down from the original price of $52.50.
The…
WSJ Membership
Customer Service
Tools & Features
Ads
More
Dow Jones Products

source

Leave a Reply

Your email address will not be published. Required fields are marked *