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Article: Simon Property Group Makes Unsolicited Bid for Rival Taubman Centers.

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Knight Ridder/Tribune Business News
Article date:
November 14, 2002
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By Richard Burnett, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News

Nov. 14--Retail mall giant Simon Property Group Inc. has launched a $4 billion takeover attempt of rival Taubman Centers Inc., raising the possibility of more consolidation in the nation's shopping center industry and major changes in Orlando's retail landscape.

Already rejected by Taubman's board, Indianapolis-based Simon Property said Wednesday it plans to take the unsolicited multibillion-dollar offer directly to Taubman shareholders.

But the country's largest mall developer -- and owner of the 2 million-square-foot Florida Mall in Orlando -- faces major ...

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Crain's Detroit Business;  November 25, 2002 ;     700+ words ... ... market?'' If Simon Property wins its battle to buy Taubman Centers, Forbes argues ... Although Forbes views Simon Property as one ... that the larger Simon Property can't ... its 249 malls as Taubman Centers can to 30 malls ...

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PR Newswire;  February 17, 2003 ;     700+ words ...Taubman Centers, Inc. today responded to Simon Property Group ... previously stated, Taubman Centers' Board of Directors ... believes that the Simon offer is inadequate ... outstanding Taubman Centers voting shares ... opposition to Simon's hostile ...

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PR Newswire;  June 27, 2003 ;     700+ words ...Taubman Centers, Inc. today responded to Simon Property Group ... America Trust for Taubman Centers: According to Simon's announcement ... at this time. Taubman Centers has increased ... twice since the Simon offer was made ...

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PR Newswire;  January 15, 2003 ;     700+ words ...Taubman Centers, Inc. announced ... respond to Simon Property Group ... Accordingly, Taubman Centers urges its stockholders ... accept or reject Simon's and Westfield ... previously rejected Simon's $18 ... interests of the Taubman Centers shareholders ...

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