Simon Property Group (SPG) Lowers Quarterly Dividend 38.1% to $1.30, 7.6% Yield; Provides Business Update

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Go back to Simon Property Group (SPG) Lowers Quarterly Dividend 38.1% to $1.30, 7.6% Yield; Provides Business Update

Taubman Centers (TCO) Shareholders Approve Merger with Simon Property Group (SPG), Appears Simon will Not Consummate Transactions

June 25, 2020 11:48 AM EDT

Taubman Centers, Inc. (NYSE: TCO) (the Company) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the Merger Agreement), dated as of February 9, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, Taubman), Simon Property Group, Inc. (NYSE: SPG) (Simon) and certain other parties, and the transactions contemplated by the Merger Agreement (the Transactions).

Approximately 99.7% of the shares voted were in favor of the Merger... More