NEW YORK — Simon Property Group’s bid to take over Taubman Centers is getting more hostile.
On Thursday, Simon launched an $18-a-share tender offer, going direct to shareholders after getting rebuffed on its Nov. 13 offer of $17.50 to the board last month. But Taubman urged shareholders to abstain from deciding on the offer.Within 10 business days, as required by securities law, Taubman will issue an official response and also advise shareholders of its position.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)