Simon Property has agreed to buy Taubman Centers for $3.6B, a 50% premium to Friday’s close, and a 100% premium to the price before the buyout rumors hit.
Premarket action: PREIT (NYSE:PEI) +3.5%, Macerich (NYSE:MAC) +7%, Tanger Factory (NYSE:SKT) +4.2%, Kimco (NYSE:KIM) +1.5%, Brixmor (NYSE:BRX) +1.4%.
https://seekingalpha.com/news/3539989-mall-names-on-move-after-taubman-buyout
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