Deals
Simon Property Holds Deal Talks With Taubman
- Shopping mall operators have suffered amid retail bankruptcies
- Taubman Centers has a market valuation of $1.7 billion
Shoppers walk past stores at the Simon Property Group Roosevelt Field mall in Garden City, New York.
Photographer: David Williams/BloombergThis article is for subscribers only.
Simon Property Group Inc. has held merger talks with rival U.S. shopping-mall operator Taubman Centers Inc., according to people familiar with the matter.
The real estate investment trusts have been holding on-and-off-again discussions since late last year, said the people, who asked not to be identified because the matter isn’t public. Talks between the companies stalled in recent days amid market volatility and it’s unclear if and when they will resume, one of the people said.