Simon Property Group plans to buy smaller rival Taubman Centers for $3.6 billion in cash, the latest move the largest U.S. mall owner is taking to combat a shift in consumer shopping habits that's resulting in store closings.
Simon Property Group to Buy Taubman Centers for $3.6 Billion in Cash
Deal Adds Nearly 25 Million Square Feet to Largest US Mall Owner's Portfolio
CoStar News
February 10, 2020 | 3:42 P.M.
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IN THIS ARTICLE
- Companies
- Simon Property Group, Inc.
Real Estate
- Taubman Centers, Inc.
Real Estate