Simon Property Group Inc. has completed its acquisition of an 80% ownership interest in the Taubman Realty Group Limited Partnership through a deal worth $3.4 billion. Simon owns two shopping centers in Puerto Rico, while Taubman owns one. Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all […]
Five months after breaking off talks to buy rival mall operator Taubman Centers, Simon Property Group Inc. announced that the two have reached a definitive agreement to move ahead with the merger, after modifying certain terms of the agreement. The parties agreed to reduce the merger price to $43 per share in cash — down […]
Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
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