Mall giants Taubman and Simon — owner of ABQ Uptown — are headed to court over their $3.6B merger deal

Mall giants Simon Property Group and Taubman Centers are headed to court over their $3.6 billion merger deal.

Simon struck a deal to buy Taubman’s 26 U.S. luxury malls in early February, but in early June said it was terminating its agreement with Taubman, citing the novel coronavirus pandemic and alleging that Taubman has breached the parts of the merger agreement that govern its business operations.

Simon owns and operates the 222,000-square-foot retail center ABQ Uptown in Albuquerque. Taubman’s…

Source: The Business Journal