Simon Property said on June 10 it is terminating its merger agreement to buy rival mall operator Taubman Centers. The two companies agreed on Feb. 9 to merge. Simon was to pay Taubman shareholders $52.50 per share in cash, equivalent to $3.6 billion.
Simon cited Covid-19, which it claims has had “a uniquely material and disproportionate effect” on Taubman properties. Simon also said that Taubman breached its obligations by not cutting operating expenses and capital expenditures in response to the pandemic.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:
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Mall operator Simon Property abandons $3.6 billion acquisition of TaubmanSimon Property Group Inc , the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc , citing the beating the retail sector has taken during the COVID-19 pandemic. 2020 is not a good year for M&A. I know in the LATAM we are about 50% down in trx….
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »
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Mall operator Simon Property abandons $3.6 billion acquisition of TaubmanSimon Property Group Inc , the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc , citing the beating the retail sector has taken during the COVID-19 pandemic. 2020 is not a good year for M&A. I know in the LATAM we are about 50% down in trx….
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »