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Below are the latest news stories about Taubman Centers Inc that investors may wish to consider to help them evaluate TCO as an investment opportunity.
The shareholders of Taubman Centers have approved the company’s merger with real estate company Simon Property Group. The deal is likely to close either this week or in early 2021. Notably, in November, Simon Property had offered $43 a share to acquire Taubman Centers (TCO). However, the deal price was cut lower from its previous offer of $52.2 per share proposed back in February. TCO have gained 27% over the past 3 months. Per the revised deal agreement, Simon Property (SPG) will buy an 80% stake in the Taubman Realty Group Limited Partnership (TRG).
Taubman Centers ([[TCO]] +0.1%) approves merger agreement between Taubman Realty Group and Simon Property Group ([[SPG]] +0.5%)The transaction is expected to close in late 2020 or early 2021.Press ReleaseThe companies agreed on a lower price for the deal last month....
Taubman Centers, Inc. (NYSE: TCO) (the "Company") announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced amended and restated merger agreement (the "Merger Agreement"), dated as of November 14, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, "Taubman"), Simon Property Group, Inc. (NYSE: SPG) ("Simon") and certain other parties, and the transactions contemplated by the Merger Agreement (the "Transactions").
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to easily invest in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.
At Insider Monkey, we pore over the filings of nearly 817 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this […]
Kinsale Capital Group Set to Join S&P MidCap 400; The Simply Good Foods Company to Join S&P SmallCap 600
S&P; Dow Jones Indices will make the following changes to the S&P; MidCap 400 and S&P; SmallCap 600 effective prior to the opening of trading on Tuesday, December 29:
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The 2020 Global Real Estate Sustainability Benchmark (GRESB) results are in and Taubman Centers, Inc. (NYSE: TCO) has been named the Retail/Americas Sector Leader for its outstanding environmental, social and governance (ESG) leadership. Each year, GRESB assesses and benchmarks the ESG performance of real assets worldwide. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance
Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12 -- Moody's affirms seven and downgrades four classes of MSBAM 2013-C12
Moody's rating action reflects a base expected loss of 9.8% of the current pooled balance, compared to 6.6% at Moody's last review. The analysis includes an assessment of collateral characteristics and performance to determine the expected collateral loss or a range of expected collateral losses or cash flows to the rated instruments.
It might seem like a silly move to spend billions on mall properties, but in this case it could be a smart idea.
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Taubman Centers, Inc. (the “Company or “Taubman””) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends are payable to shareholders of record at the close of business on December 15, 2020, with payment to be made on December 31, 2020. The