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Simon Property and Taubman revise terms of merger deal

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Simon Property Group Inc , the biggest U.S. mall operator, said on Sunday it has agreed with Taubman Centers Inc to modify terms of their merger deal, including a revised purchase price of $43 per share in cash.

FILE PHOTO: Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State's largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018.

REUTERS/Mark Makela
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Mall owners Simon and Taubman revise merger terms, with $800 million price cutUnder the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50. Hi, please check out my gig if you need any kind of graphic design
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