1. Show article details.

    Stakes Are High for Landlord Trying to Save Forever 21 -- WSJ

    DJ Business News – 2:47 AM ET 02/12/2020

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Analysts are split about whether Simon Property Group Inc.' s bid to rescue a distressed fast-fashion retailer will succeed, but even skeptics say the mall giant may have little choice but to salvage one of its most important tenants. Simon Property (SPG), Brookfield Property Partners LP and Authentic Brands Group LLC made an...

  2. Show article details.

    BRIEF-Simon Property Says Taubman Will Be Required To Pay Termination Fee Of $46.6 Mln On Termination Of Merger

    Reuters – 7:53 AM ET 02/11/2020

    Simon Property Group Inc (SPG): * SIMON PROPERTY GROUP (SPG) - UPON A TERMINATION OF MERGER DURING GO-SHOP PERIOD, TAUBMAN WILL BE REQUIRED TO PAY TERMINATION FEE TO CO OF $46.6 MILLION. * SIMON PROPERTY GROUP (SPG) - UPON TERMINATION OF MERGER AFTER CONCLUSION OF GO-SHOP PERIOD, TAUBMAN TO PAY TERMINATION FEE TO CO OF $111.85 MILLION Source text: Further company coverage:

  3. Show article details.

    Simon Property agrees to buy mall REIT Taubman in $3.6 billion deal

    MarketWatch – 7:21 AM ET 02/11/2020

    'Simon is the best capitalized mall REIT and should.. realize synergies via its large platform and access to capital markets,' says RBC. Simon Property Group Inc. (SPG) said Monday it has agreed to acquire mall real-estate investment trust Taubman Centers Inc. (TCO) in an all-cash deal valued at about $3.6 billion, sending Taubman stock up 53%. Indianapolis-based Simon will pay $52.50 per Taubman share, for a 51% premium over the stock's closing price on Friday.

  4. Simon Property Group stock price target cut to $164 from $176 at Deutsche Bank

    MarketWatch – 7:20 AM ET 02/11/2020
  5. Show article details.

    Stakes Run High for Mall Owner Trying to Save Forever 21

    DJ Business News – 7:14 AM ET 02/11/2020

    Analysts are split about whether Simon Property Group Inc.' s bid to rescue a distressed fast-fashion retailer will succeed, but even skeptics say the mall giant may have little choice but to salvage one of its most important tenants. Simon Property (SPG), Brookfield Property Partners LP and Authentic Brands Group LLC made an $81 million bid for Forever 21 Inc. last week. The retailer now says it will go ahead after no rival bids emerged.

  6. Show article details.

    Mall Operator Simon Buys Competitor Taubman Centers -- WSJ

    DJ Business News – 2:47 AM ET 02/11/2020

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Simon Property Group Inc. (SPG) is buying rival mall owner Taubman Centers Inc. (TCO), a $3.6 billion transaction that demonstrates how the largest U.S. mall owner is pushing ahead with expansion despite headwinds in the industry. The Taubman deal comes a week after Simon Property (SPG) said it plans with two partners to buy out of...

  7. Show article details.

    PRESS DIGEST- Wall Street Journal - Feb. 11

    Reuters – 12:38 AM ET 02/11/2020

    The following are the top stories in the Wall Street Journal. - A federal judge is expected to approve T-Mobile Inc's merger with Sprint Corp (S), clearing the way for the two wireless rivals to combine and overcoming a state antitrust challenge. https://on.wsj.com/2Sg9v0n.

  8. Show article details.

    US STOCKS-S&P 500, Nasdaq reach record closing highs; Chinese workers return

    Reuters – 4:19 PM ET 02/10/2020

    * Amazon (AMZN), Microsoft (MSFT), Alphabet lead indexes higher. * Tesla gains after Shanghai factory resumes production. * Simon Properties to buy Taubman Centers (TCO) for $3.6 bln. * Indexes up: Dow 0.60%, S&P 0.73%, Nasdaq 1.13% By Stephen Culp.

  9. Show article details.

    Deals of the day-Mergers and acquisitions

    Reuters – 4:03 PM ET 02/10/2020

    The following bids, mergers, acquisitions. ** Billionaire hedge fund manager Steve A. Cohen has cut his stake in Britain's Metro Bank (MBNKF) for the fifth time in just over two months following a difficult year in which the lender was engulfed in a damaging accounting scandal.

  10. Show article details.

    Forever 21 Cancels Auction, Readies Sale To Mall Owners

    DJ Business News – 3:05 PM ET 02/10/2020

    Forever 21 Inc. is moving forward with a sale to a group of buyers that includes Simon Property Group Inc. (SPG) after no rival bidders qualified to challenge the offer, according to court filings. A group made up of Forever 21' s biggest landlords-- Simon and Brookfield Property Partners LP-- along with Authentic Brands Group LLC, a brand licensing firm, has offered $81 million for the bankrupt fast-fashion retailer. Forever 21 said Sunday it was scrapping a planned auction for Monday after...

  11. Show article details.

    US STOCKS-Nasdaq hits new high as investors look beyond coronavirus

    Reuters – 2:23 PM ET 02/10/2020

    * Amazon (AMZN), Microsoft (MSFT), Alphabet lead indexes higher. * Tesla gains after Shanghai factory resumes production. * Simon Properties to buy Taubman Centers (TCO) for $3.6 bln. * Indexes up: Dow 0.14%, S&P 0.26%, Nasdaq 0.61% By Stephen Culp.

  12. Show article details.

    US STOCKS-Wall St steady as investors weigh coronavirus risks

    Reuters – 10:31 AM ET 02/10/2020

    * Apple (AAPL) slips as China business shutdown threatens demand. * Tesla jumps after Shanghai factory resumes production. * Indexes up: Dow 0.18%, S&P 0.18%, Nasdaq 0.36% By Medha Singh. Feb 10 - U.S. stocks ticked higher on Monday, as people returned to work in China after an extended new year holiday triggered by the coronavirus outbreak but sentiment remained fragile.

  13. Show article details.

    Simon Property Group to acquire Taubman Centers in all-cash deal valued at about $3.6 billion

    MarketWatch – 9:34 AM ET 02/10/2020

    Simon Property Group Inc. (SPG) said Monday it has entered an agreement to acquire mall REIT Taubman Centers Inc. in an all-cash deal valued at about $3.6 billion. Simon will pay $52.50 per Taubman share, for a 51% premium over the stock's closing price on Friday. The deal is expected to immediately boost Simon's funds from operations and to be at least 3% accretive on an annualized basis after closing.

  14. Show article details.

    US STOCKS-Wall Street set for subdued open as investors weigh coronavirus risks

    Reuters – 8:55 AM ET 02/10/2020

    * Apple (AAPL) slips as China business shutdown threatens demand. * Tesla jumps after Shanghai factory resumes production. * Futures: Dow dips 0.08%, S&P flat, Nasdaq up 0.05% By Medha Singh.

  15. Taubman Centers stock soars 51.2% premarket after resuming trade following halt

    MarketWatch – 7:33 AM ET 02/10/2020
  16. Show article details.

    Taubman Centers, Inc. Issues Fourth Quarter and Full Year 2019 Results

    Business Wire – 7:32 AM ET 02/10/2020

    - Full Year 2019 Net Income and Earnings Per Diluted Common Share Up Primarily Due to Gains on Sales of Interests in Starfield Hanam and CityOn.Zhengzhou - Pro Rata Total Portfolio NOI, Excluding Lease Cancellation Income, Up 4.6 Percent for the Quarter and 3.9 Percent for the Year - Industry-leading Sales Per Square Foot $876, Up 3.1 Percent for the Quarter and 9.8 Percent for the Year - U.S. ...

  17. Show article details.

    Simon Property Group to buy Taubman Centers in $3.6 bln deal

    Reuters – 7:28 AM ET 02/10/2020

    U.S. shopping centers owner Taubman a deal valued at $3.6 billion, the companies said on Monday.

  18. Show article details.

    BRIEF-Simon Property Group To Acquire Taubman Centers

    Reuters – 7:19 AM ET 02/10/2020

    Taubman Centers Inc (TCO): * SIMON PROPERTY GROUP TO ACQUIRE TAUBMAN CENTERS (TCO), INC. * Taubman Centers Inc (TCO) - TAUBMAN SHAREHOLDERS TO RECEIVE $52.50 PER SHARE IN CASH. * Taubman Centers Inc (TCO) - TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO SIMON'S FUNDS FROM OPERATIONS. * Taubman Centers Inc (TCO) - SIMON EXPECTS TO FUND TOTAL REQUIRED CASH CONSIDERATION OF APPROXIMATELY $3.6 BILLION WITH EXISTING LIQUIDITY.

  19. Simon expects Taubman deal to close in mid-2020

    MarketWatch – 7:17 AM ET 02/10/2020
  20. Simon expects Taubman deal too immediately boost FFO

    MarketWatch – 7:17 AM ET 02/10/2020
Page:

Today's and Upcoming Events

  • Apr
    28

    SPG to announce Q1 earnings (Unconfirmed)

Past Events (last 90 days)

  • Feb
    13

    SPG ex-Dividend for $2.10 on 02/13/2020

    • Announce Date: 02/04/2020
    • Record Date: 02/14/2020
    • Pay Date: 02/28/2020
  • Feb
    04

    SPG announced Q4 earnings.

Data provided by Thomson Reuters © 2020

Technical Events

Technical Analysis

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