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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"