TCO News and Press, Taubman Centers Inc. From 06/10/20

Taubman Centers, Inc. (NYSE: TCO) (“Taubman”) confirmed that Simon Property Group, Inc. (“Simon”) has today delivered a notice purporting to terminate the previously announced Agreement and Plan of Merger among Simon, Taubman, The Taubman Realty Group Limited Partn...

Shares of  Taubman Centers, Inc.  (NYSE: TCO) plummeted after a merger deal between the company and  Simon Property Group Inc.   (NYSE: SPG) , the country's largest mall owner, was terminated. Taubman's stock fell by as much as 41% in the morning. As of 12:17 a....

Shares of Simon Property Group (NYSE: SPG) , the biggest mall owner in the U.S., were falling today after the company said that it is terminating a $3.6 billion deal to merge with Taubman Centers (NYSE: TCO) . Simon's stock was down by as much as 9.9% by midday.  As of 12:39 p.m. EDT...

Since the local market bottom on March 23rd, 2020, the S&P 500 ( SPY ) has rallied a remarkable 44%. As I noted yesterday, the S&P 500 has not rallied this hard this fast since a Depression-era bounce in 1933. Despite the sharp gains in the large cap index, the S&P MidCap 400 Ind...

Taubman Centers (NYSE: TCO ) sinks 38%  after Simon Property Group ( SPG -4.1% ) pulls out of its agreement to buy TCO and files a lawsuit against Taubman, alleging it breached covenants of their merger agreement. More news on: Taubman Centers, Inc., Simon Property Group, Inc., F...

INDIANAPOLIS , June 10, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") today announced that it has exercised its contractual rights to terminate its February 9, 2020 merger agreement (the "Merger Agreement") with Taubman Centers , Inc. (NYSE: TCO). Simon also fil...

REIT Rankings: Mall REITs ( Hoya Capital Real Estate , Co-Produced with Brad Thomas ) Mall REIT Sector Overview Having once represented as much as 15% of the "Core" REIT ETFs, mall REITs now comprise just 3-5% of the broad-based real estate indexes. Within the Hoya Capital ...

Merger activity increased last week with one new deal announced, three deals closing and two deals called off. While two terminated deals in one week is a lot, the news was not all bad as one of those terminations was because the company received a better offer. Just when we thought the bidd...

I have been illuminated by my recent application of reverse engineered discounted cash flow (RE-DCF) models . The idea is that instead of estimating inputs for revenue growth, changes in margin, capex, etc. to come up with a present value of all future cash flows, we start with a known value,...

NEW YORK, NY / ACCESSWIRE / June 5, 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: Taubman Centers, Inc. (NYSE: TCO ) relating to...