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TCO - Simon Property Makes A Good Move With Taubman Centers
Taubman Centers Inc.
After months of legal conflict between the two firms, Simon Property agreed to buy Taubman Centers' parent company.
This is at a substantial discount to the deal agreed upon earlier this year.
This move should be looked at as a positive for Simon, which had been prepared to overpay for Taubman but now has a good price should the company recover.