Flash Report 2 minutesRegister for Free AccessSimon Property Group To Acquire Taubman Centers for $3.6 Billion Coresight Research February 12, 2020 What's InsideSimon Property Group’s $3.6 billion acquisition of 80% of Taubman Realty represents a vote of confidence in the sector: At $52.50 per share in cash, the deal represents a 51% premium to Taubman’s closing price on February 7. This report looks at the value Taubman brings to Simon’s portfolio. Taubman is engaged in ownership, management and/or leasing of 26 super-regional shopping centers in the US and Asia. Chairman, President and CEO Robert Taubman will stay on. Simon expects the deal to improve Taubman’s ability to invest in innovative retail. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: What’s Happening with US Retail Inventories?September 2023 UK Retail Sales: Growth Slows Amid Continuing Cost of Living Pressures and Unseasonably Warm WeatherMarket Outlook: India E-Commerce—Online Adoption Expands to the HinterlandsGenerative AI Latest: Indian Conglomerates Enter the Space, the US Drives the Responsible Use of AI, Adobe Launches New Products
