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11/15/2020 Simon And Taubman Modify Merger Price To $43.00 Per Share In Cash
 Simon Property Group, Inc. (NYSE: SPG ) ("Simon") and Taubman Centers , Inc. (NYSE: TCO ) ("Taubman") today announced that they have reached a definitive agreement modifying certain terms of the original merger agreement (the "Original Merger Agreement"), including a modified purchase price of $43.00 per share in cash and other provisions to reduce closing conditionality.   The modified merger agreement continues to provide that Simon will acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership ("TRG"). The Taubman family will sell approximately one-third of its ownership interest at the transaction price and remain a 20% partner in TRG.  The Boards of Directors of Simon and Taubman, including the Special Committee of independent directors of Taubman, have approved the terms of the transaction. The modified merger agreement provides that Taubman will not declare or pay a dividend on its common stock prior to March 1, 2021 , and then, only...
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11/09/2020 Taubman Centers, Inc. Issues Third Quarter Results
- Earnings Impacted by COVID-19 Pandemic - All U.S. Properties and Nearly 94 Percent of Tenants Have Reopened - U.S. Total Mall Tenant Sales, Traffic and Tenant Revenue Collections Have Improved Each Month Since May - Asia Mall Tenant Sales per Square Foot Up - Starfield Anseong, Taubman Asia’s Fourth Investment, Opened on October 7 Nearly 100 Percent Leased and Over 90 Percent Occupied Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the third quarter of 2020.   September 30, 2020 Three Months Ended September 30, 2019 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Nine Months Ended Net income (loss) attributable to common shareowners, diluted (in thousands) ($30,072)(1) $216,873 ($44,269)(1) $239,223 Net income (loss) attributable to common shareowners (EPS) per diluted common share ($0.49)(1) $3.48 ($0.72)(1) $3.84 Funds from Operations (FFO) per diluted common share $0.39 $0.88 $1.47 $2.59 Growth rate (55.7)%   (43.2)%...
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10/29/2020 Taubman Places ‘Community First’ this Holiday Season to Recognize and Thank Customers and Employees, While Helping Those in Need
Taubman Centers, Inc. (NYSE: TCO) has made its holiday list, and has checked it twice, ensuring it is focused on gratitude for customers and employees, and help for communities in need this season. Community First Taubman has launched #CommunityFirst - a new campaign designed to show appreciation for loyal customers that #BuyNearby , as well as the 2,000 or more retail workers employed per mall that help to power the local economies all year round. The campaign elements include: Taubman malls closing on Thanksgiving to enable mall and tenant employees to celebrate the holiday with family and friends (exception: International Market Place, Honolulu). A $150,000 grant awarded to Feeding America ® to help the organization achieve its mission to combat food insecurity. With this donation, the company will provide at least 1.5 million meals to those in need , mainly through local food banks in the 15 communities that are home to a Taubman mall. Each dollar donated helps provide at least 10...
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  • Investor Relations

    Ryan Hurren

    Vice President, Investor Relations, Interim Chief Accounting Officer

    rhurren@taubman.com

    T: (248) 258-7232

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    Erik Wright

    Manager, Investor Relations

    ewright@taubman.com

    T: (248) 258-7390

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TCO 42.80
Change+0.08(+0.19%) Volume: 2,812,046 December 1, 2020