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Simon and Taubman Agree on Revised $3B Merger

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

All it took was a little more time to renegotiate a price reduction to convince mall giant Simon Property Group to move forward with its planned Taubman Centers merger. Under the terms of the new deal, Simon will pay $43.00 per share, valuing the transaction at $3 billion, versus the original $3.6 billion deal, or…

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