Thursday 11 June 2020

Simon and Taubman gear up for legal throwdown

Nearly two decades ago, the Taubman family ferociously fended off a hostile takeover of their mall company from Simon Property Group. Now the roles are reversed: The Taubmans are gearing up to force Simon to complete the $3.6 billion acquisition it abandoned. Hours after Simon announced it had scuttled the deal Wednesday, Michigan-based Taubman Centers issued a statement saying it aims to force Simon back to the table to complete the deal — or pay



source https://therealdeal.com/2020/06/11/simon-and-taubman-gear-up-for-legal-throwdown/

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