Simon Property Group
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Simon Property Group
- In February 2020, the company agreed to be acquired by Simon Property Group. This would have ended family control but the Taubman family will retain an ownership stake in its malls.
en.wikipedia.org/wiki/Taubman_Centers
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Taubman Centers, Inc. is an American real estate investment trust headquartered in Bloomfield Hills, Michigan. The company invests in shopping centers, and is a subsidiary of Simon Property Group since 2020.
Dec 29, 2020 · Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all of Taubman Centers, Inc. ("TCO") common stock for $43.00 per share in...
Dec 29, 2020 · Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all of Taubman Centers, Inc. ("TCO") common stock for $43.00 per share in cash, and the Taubman family sold approximately one-third of its ownership interest at the transaction price and remains a 20% partner in TRG.
Nov 16, 2020 · Taubman owns, manages and/or leases uniformly upscale properties, including 26 regional, super-regional and outlet malls in the U.S. and Asia, while Simon owns shopping, dining, entertainment...
- Sharon Edelson
Feb 10, 2020 · 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.
Dec 29, 2020 · Under the merger agreement, which was made official Tuesday, Simon acquired an 80 percent ownership stake in the company. The Taubman family sold off about a third of its ownership interest, but...
Jan 6, 2021 · Indianapolis — Simon Property Group Inc. has completed its acquisition of an 80 percent ownership interest in The Taubman Realty Group Limited Partnership (TRG) for approximately $3.4 billion.
