Simon Property Group called off its $3.6 billion merger with Taubman Centers due to a classic case of buyer’s remorse, the spurned seller claims. Taubman submitted a new legal filing in the mall landlords’ court battle that claims the larger rival Simon tried to renegotiate the terms of their deal once the coronavirus pandemic hit, Bloomberg reported. Simon had agreed to buy 80 percent of Taubman in December at $60 per share, a figure that
source https://therealdeal.com/2020/06/18/taubman-claims-simon-scuttled-3-6b-merger-due-to-buyers-remorse/
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