TAUBMAN CENTERS ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of its Investigation of the Sale of TCO and Encourages Stockholders to Contact the Firm

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On February 10, 2020, Taubman announced that it had signed an agreement to merge with Simon Property Group.

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Retrieved on:

Wednesday, May 6, 2020

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Taubman

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NEW YORK, Us

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BRAGAR EAGEL & SQUIRE

Summary

Key Points:

On February 10, 2020, Taubman announced that it had signed an agreement to merge with Simon Property Group.
Pursuant to the merger agreement, Taubman stockholders will receive $52.50 in cash for each share of Taubman common stock owned.
Bragar Eagel & Squire is concerned that Taubmans board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price.
Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Taubman stockholders.

NEW YORK, May 05, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Taubman Centers, Inc. (NYSE: TCO) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Simon Property Group, Inc.

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On February 10, 2020, Taubman announced that it had signed an agreement to merge with Simon Property Group. Pursuant to the merger agreement, Taubman stockholders will receive $52.50 in cash for each share of Taubman common stock owned. The deal is scheduled to close in mid-2020.

Bragar Eagel & Squire is concerned that Taubman’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Taubman stockholders.

If you own shares of Taubman and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com