Mall giants Simon Property Group and Taubman Centers are headed to court over their $3.6 billion merger deal. Simon (NYSE: SPG) struck a deal to buy Taubman's 26 U.S. luxury malls in early February, but in early June said it was terminating its agreement with Taubman (NYSE: TCO), citing the novel coronavirus pandemic and alleging that Taubman has breached the parts of the merger agreement that govern its business operations.
Saturday, June 27, 2020
Kansas City County Club Plaza Damaged Goods After #BlackLivesMatter Riots
There are a lot of moving parts in this deal but the upshot is that a court fight and behind the scenes shareholder power moves now seem to think of Kansas City's crown jewel as a liability . . . More info here for subscribers: