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Stock Market & Financial Investment News

News Breaks
January 31, 2014
08:32 EDTTCO, SPGTaubman Centers sells Long Island, Arizona land to Simon Property
Taubman Centers (TCO) announced the completion of the sale of land owned by Taubman in Syosset, New York, and Taubman's interest in Arizona Mills to Simon Property (SPG). The consideration, excluding transaction costs, consisted of $60M of cash and 555,150 partnership units in Simon Property Group Limited Partnership. The number of partnership units issued was determined based on a value of $154.91 per unit. As part of the sale, Taubman will be relieved of its $84M share of the current $167M mortgage loan on Arizona Mills, bringing the transaction's total value to $230M.
News For TCO;SPG From The Last 14 Days
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August 26, 2014
09:50 EDTSPGOn The Fly: Analyst Downgrade Summary
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08:12 EDTTCOTaubman announces additional partner, ownership increase in Hanam Union Square
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06:17 EDTSPGSimon Property downgraded to Market Perform from Outperform at BMO Capital
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