What's Inside
Simon 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.
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