The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Feb. 26, 6:36 PM

Slide #85. Simon Property Group, Inc. Taubman Centers, Inc.

Acquirer: Simon Property Group, Inc. (SPG)
Acquiree: Taubman Centers, Inc. (TCO)
Details: Simon Property Group, Inc. (NYSE: SPG) ("Simon") and Taubman Centers, Inc. (NYSE: TCO) ("Taubman") today announced that they have entered into a definitive agreement under which Simon will acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership ("TRG"). Simon, through its operating partnership, Simon Property Group, L.P., will acquire all of Taubman common stock for $52.50 per share in cash and the Taubman family will sell approximately one-third of its ownership interest at the transaction price and remain a 20% partner in TRG.

Simon Property Group operates as a self-administered and self-managed real estate investment trust. Simon Property Group, L.P. is Co.'s majority-owned Delaware partnership subsidiary that owns all of its real estate properties and other assets. Co. owns, develops and manages shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets®, and The Mills® in United States as well as internationally including Puerto Rico, Asia, Europe and Canada. Co. also owned equity stake in Klepierre SA, a Paris-based real estate company, which owns, or has an interest in, shopping centers in Europe.

Simon Property Group SEC Filing Email Alerts Service

Preferred: SPG.PRJ



Open the SPG Page at The Online Investor »

Simon Property Group operates as a self-administered and self-managed real estate investment trust. Simon Property Group, L.P. is Co.'s majority-owned Delaware partnership subsidiary that owns all of its real estate properties and other assets. Co. owns, develops and manages shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets®, and The Mills® in United States as well as internationally including Puerto Rico, Asia, Europe and Canada. Co. also owned equity stake in Klepierre SA, a Paris-based real estate company, which owns, or has an interest in, shopping centers in Europe.

Simon Property Group SEC Filing Email Alerts Service

Preferred: SPG.PRJ



Open the TCO Page at The Online Investor »

Company Name: 
Simon Property Group, Inc.
Stock buyback: 
SPG buyback
Website: 
www.simon.com
Sector: 
REITs
Number of ETFs Holding SPG: 
98
Total Market Value Held by ETFs: 
$5.88B
Total Market Capitalization: 
$43.20B
% of Market Cap. Held by ETFs: 
13.60%
Company Name: 
Taubman Centers Inc
Stock buyback: 
TCO buyback
Website: 
www.taubman.com
Sector: 
REITs
Number of ETFs Holding TCO: 
55
Total Market Value Held by ETFs: 
$653.50M
Total Market Capitalization: 
$3.25B
% of Market Cap. Held by ETFs: 
20.08%
 

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