TCO News and Press, Taubman Centers Inc. From 05/25/20

Merger activity remained stuck in neutral last week with no new deals announced and no deals closing. We did have one deal enter into litigation, and arbitrageurs are watching it closely to see if the courts can force the acquiring company to close the deal on the original terms. There were ...

NEW YORK, NY / ACCESSWIRE / May 24, 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...

I remain short Simon Property Group ( SPG ) and Regency Centers Corp. ( REG ). It sounds crazy after the crushing price declines of 2020 for shopping center and mall owners, but I cannot find solid evidence of a bottom in my technical trend research. Writers and analysts of all stripes hav...

This has arguably been the toughest time in merger arbitrage in years. The coronavirus has wreaked havoc on pretty much everything in the world, M&A included. Deals that were signed before the uncertainty of the virus were done at valuations that might not make sense in our new world. H...

I recently wrote two bearish pieces on Mall REITs: Jason Mudrick Was Right About The Secular Decline Of Malls (April 20th) Mall REITs: Swimming In A Brisk Upstream Current (April 23rd) To quickly sum up my thesis, the entire mall ecosystem has been displayed in a COVID-19 (and p...

This weekly column explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading pos...

Merger activity sputtered to a stop again last week with no new deals announced and one deal closing. This is the fifth week this year with no new deals announced. There were however some potential deals that were announced last week. On Monday, May 11, 2020, according to Bloomberg, Amazon.c...

One of Seeking Alpha's best features is the fact that it is an open source platform. SA editors do a great job of enforcing the editorial rules and frameworks. SA editors take an approach of a referee that 'let's them play' instead of calling ticky-tacky penalties (think some badly officiated ...

Sandell Asset Management adds Taubman Centers ( TCO -0.2% ) to its portfolio, acquiring 425K shares, and almost doubles its holdings in Advanced Disposal Services ( ADSW +0.6% ) to 1.3M shares as of March 31, 2020 from 700K. More news on: Taubman Centers, Inc., Advanced Disposal Servic...

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...