Simon Property Group And Taubman: Divorcing Before The Honeymoon

6/10/20

By Brad Thomas, SeekingAlpha

It seems long ago, but in early February, Taubman Centers was trading below $30. Taubman, one of the better mall REITs, traded in the $60s as recently as 2018.

Around Feb. 10, Taubman's stock approximately doubled to $52 on news Simon Property Group made an offer to buy the firm.

Simon was trading around $150 after the news was digested but fell to $42.24 as the coronavirus forced the shutdown of malls around the country.

READ FULL ARTICLE HERE