Simon Set to Save $800M as it Reaches Merger Deal with Taubman at Reduced Price
Simon Property Group, Inc. and real estate investment trust Taubman Centers, Inc. have agreed to follow through on their merger deal at a revised price.
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Construction Business Review | Monday, January 18, 2021
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FREMONT, CA: Simon Property Group, Inc. and real estate investmenttrust Taubman Centers, Inc. have agreed to follow through on their merger deal at a revised price. Simon Group will pay $43 per share to acquire an 80% stake in Taubman Realty Limited Partnership. The original deal terms were for a purchase consideration of $3.6 billion at $3.6 billion at $52.50 per share.
