Wednesday 25 March 2020

With malls shut, what happens to Simon and Taubman’s deal?

In mid-February, Simon Property Group announced it would acquire Taubman Centers after a nearly two-decade-long dance between the two rival mall owners. But as Covid-19 raced around the globe, bringing municipalities and states to a standstill, Simon and Taubman announced that they would temporarily close their properties to slow the contagion. The news has shaken investors, who have been concerned about the deal moving forward, analysts said. The transaction is set to close later this



source https://therealdeal.com/2020/03/25/with-malls-shut-what-happens-to-simon-and-taubmans-deal/

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