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: US Dollar Stores Face a Slowdown—Is Temu To Blame?Department Stores in Focus—Kohl’s and Macy’s Lead the Way: US Consumer Survey InsightsConsumers Report Financial Confidence Ahead of the Holiday Peak: US Consumer Survey Insights 2023, Week 51October 2023 US Housing Market Indicators: Elevated Mortgage Rates Push Housing Sentiment Even Lower
