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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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