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|Simon Property, Taubman Stock Soar on Revised Merger Deal|
Simon will buy 80% of Taubman, based in Bloomfield Hills, Michigan, with 26 shopping centers in the U.S. and Asia. It is also acquiring about one-third of the Taubman family’s stake, with the latter retaining 20% in the merged company. Shares of Taubman (ticker: TCO) jumped 8.2% to $42.75 on Monday.
Posted: 2020-11-16 20:34:00
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