TCO News and Press, Taubman Centers Inc. From 06/25/20

Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the “Merger Agreement”), dated as of February 9, 2020, among the Company, ...

In this video interview Andrew Walker, portfolio manager at Rangeley Capital, talks to me about some of his best investment ideas. I love Andrew's writing on his blog. He's a fantastic analyst and extremely knowledgeable around the media space, both regarding content and distribution. We tou...

In discussing the prospects for Simon Property (NYSE: SPG ) and Brookfield Property(NASDAQ: BPY ) to acquire the JCPenneys ( OTCPK:JCPNQ ) in their properties, CNBC's Faber indicates that, in parallel, the Taubman dispute over the Simon merger continues. More news on: Simon Property ...

The brick and mortar retail industry disaster is accelerating to no one's surprise. This past months have witnessed bankruptcy filings from J.Crew, Forever 21, JC Penney, Pier 1, to name a few and others will follow. To value oriented contrarian investors, after many years of expensiveness, so...

Retail REIT Simon Property Group (SPG) recently announced that it would not be cutting its dividend by more than 50%. And considering the company's robust balance sheet, it probably won't need to. Clearly, the coronavirus has made a bad situation worse, as the shift to online shopping (and awa...

The latest casualty of the Covid crash in the M&A world is the $3.6 billion acquisition of mall owner Taubman (TCO) by Simon Property Group (SPG). 88 mergers with a total equity value of $60 billion have been terminated in North America, including the $35 billion HP (HPQ)/Xerox (XRX) and t...

It was never going to be plain sailing completing M&A deals during a pandemic but some of the attempts by acquirers to wriggle out of definitive purchase agreements show a whiff of desperation. Let's consider three high profile 'stressed' M&A deals. Tiffany/LVMH - Deal Looks On T...

Taubman Centers ( TCO +0.1% ) calls Simon Property's ( SPG -1.0% ) move to terminate its acquisition of Taubman as "a classic case of buyer's remorse ," according to a court filing. More news on: Taubman Centers, Inc., Simon Property Group, Inc., Financial stocks news, Merger & ac...

After just one new deal announced in the prior four weeks, merger activity increased last week with three new deals announced, three deals closing, and one suitor attempting to walk away from a deal. Simon Property Group ( SPG ) attempted to walk away from its acquisition of Taubman Centers ...

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...