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

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Simon Property Group to buy Taubman Centers in $3.6 billion deal
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Simon Property Group to acquire Taubman Centers for $52.50 a share in cash

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania.U.S. shopping centers owner Taubman Centers agreed to be bought by larger peer Simon Property Group in a deal valued at $3.

6 billion, the companies said on Monday.CNBC contributeed to this report.
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