Taubman Centers (TCO) Reports Q4 Revenues Beat
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Simon Property Group (SPG) to Acquire Taubman Centers (TCO) for $52.50/Share
February 10, 2020 7:16 AM ESTSimon Property Group, Inc. (NYSE: SPG) and Taubman Centers, Inc. (NYSE: TCO) today announced that they have entered into a definitive agreement under which Simon will acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership ("TRG"). Simon, through its operating partnership, Simon Property Group, L.P., will acquire all of Taubman common stock for $52.50 per share in cash and the Taubman family will sell approximately one-third of its ownership interest at the transaction price and remain a 20% partner in TRG.
TRG is engaged in the... More
Taubman Centers (TCO) Halted, News Pending
February 10, 2020 7:02 AM ESTTaubman Centers (NYSE: TCO) Halted, News Pending
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