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Simon Property Group to Acquire Rival Taubman Centers as Forever 21 Deal Looms

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Simon Property Group is looking to expand its retail reach with more malls across the U.S. The company said Monday it has entered into a $3.6 billion deal to take a controlling stake in competitor Taubman Centers. And this deal comes alongside an $81 million consortium bid to acquire Forever 21, which awaits bankruptcy court…

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