Simon Property Group said Wednesday it had terminated its Feb. 9 merger agreement with Taubman Centers Inc. and had filed suit against Taubman. The agreement valued Taubman at $3.6 billion. The suit alleges that the COVID-19 pandemic had a “uniquely material and disproportionate effect on Taubman” compared to other operators, and that Taubman breached its obligations …

Simon Calls Off $3.6B Deal for Taubman Centers

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