(Bloomberg) — Simon Property Group Inc.’s rescinded $3.6 billion offer to buy rival mall owner Taubman Centers Inc. is going to trial Monday after a months-long dispute sparked by the pandemic.The companies announced a buyout agreement in February, just before Covid-19 hit the U.S., wreaking havoc on retailers and landlords. Simon in June said it was walking away from the deal and sought in court to have it “validly terminated.” Taubman countersued in an effort to force Simon to complete the purchase. Michigan Circuit Court Judge James Alexander will hear the case without a jury and is expected to rule …read more
Source:: Yahoo Finance
