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Retail

In battle of US malls, Taubman to contest Simon’s decision to walk away from $3.6B acquisition deal

June 11, 2020

Taubman claims its U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Image credit: Taubman Centers Taubman claims its U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Image credit: Taubman Centers

 

By Luxury Daily News Service

The COVID-19 outbreak and lockdown took another casualty in U.S. retail with the termination of mall owner Simon Property Group’s contract to buy rival Taubman Centers for $3.6 billion. But Taubman is set to vigorously contest that unilateral move.

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