NYSE:TCO - New York Stock Exchange, Inc. -
Mall owner Simon Property Group Inc. increased its full-year earnings guidance as retail sales and shopper traffic pick up across the U.S.
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Simon Property Group (SPG) cruises to close the merger of Taubman Centers, Inc (TCO) with the latter's shareholder approval and the transaction is expected to close in late 2020 or by early 2021.
Taubman (TCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
As winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.
It might seem like a silly move to spend billions on mall properties, but in this case it could be a smart idea.
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Here are two stocks that could have lots of upside potential.
Kimco's (KIM) latest dividend of 16 cents reflects a hike of 60% from the prior payment, and the company expects to establish a more normalized and well-covered dividend level next year.
Simon Property is using its financial strength to buy other mall operators like Taubman Centers and tenants like bankrupt apparel retailers Brooks Brothers and Lucky Brand.
Despite retail bankruptcies, store closures and rent-collection woes continuing to affect Simon Property (SPG), strategic capital raises for growth endeavors augur well for long-term growth.
Gainers Alterity Therapeutics Limited (NASDAQ: ATHE) shares jumped 146.1% to close at $2.83 on Monday as the company announced approval of US Patent for next generation compounds...
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Following long negotiations, Taubman Centers, Inc. (NYSE: TCO) announced it has agreed to a merger with Simon Property Group Inc (NYSE: SPG) for $43 per share. Shareholders...
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Mall owners Simon Property and Taubman settled a lawsuit that had been headed to court this week over the disputed deal, which ran afoul because of pandemic-related business shutdowns.
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There’s finally some good news for U.S. mall owners, whose shares have taken a beating during the Covid-19 pandemic.
Simon Property (SPG) will now pay $43 per share in cash, down 18% from the previously-agreed price of $52.50 in February to purchase an 80% stake in Taubman Centers (TCO).
Simon Property Group (SPG) news for Monday concerning an update to its deal with Taubman Centers (TCO) has SPG stock soaring higher.
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Dow futures soared Monday after Moderna said that preliminary trial data showed its coronavirus vaccine was more than 94% effective.
Taubman Centers (TCO) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
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The stocks making the biggest moves in premarket trading include Moderna, Casper Sleep, Uber, Tapestry, and more.
Under the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50.
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Simon Property Group Inc. has reached a deal to buy rival mall owner Taubman Centers Inc. at a lower price than the companies agreed to in February.
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