Posts Tagged “$3.6”

Mall owner Simon Property Group to buy rival Taubman Centers in $3.6 billion deal

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Mall owner Simon Property Group to buy rival Taubman Centers in $3.6 billion deal

Taubman Centers shares skyrocketed Monday after the mall owner agreed to be bought by larger rival Simon Property Group in a deal valued at $3.6 billion. The companies said Simon plans to acquire Taubman’s stock for $52.50 a share, or a 51% premium to where Taubman shares closed on Friday. The news sent Taubman’s stock soaring up 52%…

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