(Bloomberg) — Simon Property Group Inc. has reached a deal to buy rival mall owner Taubman Centers Inc. at a lower price than the companies agreed to in February.The companies agreed to a modified deal that would see Simon Property pay $43 in cash for each Taubman Centers share, down from the original offer of $52.20 a share for Taubman made just before the coronavirus started sweeping across the U.S.Under the terms of the revised deal, Taubman won’t declare or pay a dividend on its common stock prior to March 1, 2021, and then, only subject to certain limitations and …read more
Source:: Yahoo Finance
