Simon is buying Taubman Centers

Simon Property Group, the country’s largest mall owner, is buying Taubman Centers, the smaller rival that it’s had its eye on for nearly two decades. The two companies announced Monday they had reached an agreement for Simon to buy an 80 percent stake in Taubman at $52.50 per share. That’s a 51 percent premium over Taubman’s closing price on Feb. 7. The Taubman family will retain 20 percent ownership. The deal puts an end to

source https://therealdeal.com/2020/02/10/simon-is-buying-taubman-centers/