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Simon Property Pulls Plug on Plan to Take Majority Stake in Taubman

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Simon Property Group has backed out of its planned $3.6 billion merger agreement with Taubman Centers Inc. In addition to ending the merger agreement, the largest U.S. mall operator said Wednesday it has requested a state court in Michigan to declare that Taubman suffered a material adverse event and has breached covenants governing the operation…

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