BTIG Reiterates Buy Rating on Simon Property Group (SPG) Following Complaint Filed Against Taubman (TCO)

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Go back to BTIG Reiterates Buy Rating on Simon Property Group (SPG) Following Complaint Filed Against Taubman (TCO)

Simon Property Group Terminates Taubman Agreement

June 10, 2020 9:26 AM EDT

INDIANAPOLIS, June 10, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") today announced that it has exercised its contractual rights to terminate its February 9, 2020 merger agreement (the "Merger Agreement") with Taubman Centers, Inc. (NYSE: TCO). Simon also filed an action today in the Circuit Court for the 6th Judicial Circuit of Oakland County, Michigan against Taubman Centers, Inc. and The Taubman Realty Group Limited Partnership (collectively, "Taubman") requesting a declaration that Taubman has suffered a... More