TCO News and Press, Taubman Centers Inc. From 05/14/20

Drama, and lots of it. Coronavirus has sent the world into a tailspin. Caught up in the cyclone is the pending acquisition of Taubman Centers (TCO) by Simon Property Group (SPG). Initially announced in February of this year, the terms were for an all-cash buyout of the TCO common at $52.50 plu...

NEW YORK, NY / ACCESSWIRE / May 13, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York City, is investigating: Franklin Financial Network, Inc. (NYSE: FSB ) re...

Noting Simon Property (NYSE: SPG ) CEO David Simon provided "scant details" on either current profitability or what the future may hold, Land &Buildings' Jonathan Litt says there's three concrete things investors can take away from last night's results and earnings call ( transcript he...

Co-produced with The Value Portfolio Crises such as the one we are all enduring these days bring out once in a lifetime opportunities for long-term income investors. To benefit from such opportunities, you need to do the following: Identify which company can withstand a severe crisis...

NEW YORK, NY / ACCESSWIRE / May 11, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the p...

Merger activity increased last week with three new deals announced, four deals closing and one deal terminated. After a three-week lull, merger activity picked up again with three new deals announced. The hard-hit energy services industry saw the merger of KLX Energy Services Holdings (KLX...

The coronavirus pandemic is set to cause one of the sharpest retractions in economic activity ever recorded. Goldman Sachs and Morgan Stanley economists predict a 30% drop in the second quarter GDP and unemployment could soar past 25%. Many of you have been asking me: "How will this unpre...

NEW YORK, NY / ACCESSWIRE / May 9, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the pr...

Situation Overview The largest shopping mall REIT, Simon Property Group ( SPG ) is buying its smaller competitor, Taubman Centers ( TCO ) at $52.50 per share. The J (TCO.PJ) and K (TCO.PK) series of TCO's preferred shares will be redeemed at $25 face value. Common and preferred stocks will c...

My core investment in the mall space has traditionally been through Simon Property Group ( SPG ). I am still very bullish over the long term and have a high degree of confidence that SPG will survive and, eventually, thrive. This is due to its strong balance sheet, high-quality properties (wit...