For the second time in roughly six months, Taubman Centers shareholders have overwhelmingly approved a merger with shopping center giant Simon Property Group. The latest vote effectively sanctions a $2.65 billion purchase by Simon, at a price 20% lower than originally agreed.
Shareholders OK Taubman-Simon Merger After Price Cut
Two Shopping Center Giants Combine in $2.65 Billion Deal
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IN THIS ARTICLE
- Companies
- Taubman Centers, Inc.
Real Estate
- Simon Property Group, Inc.
Real Estate