$TCO News

Last published 4y ago

4y agoCAH CLI EQR LXP+2Land & Buildings Nominates Donna Brandin and Jonathan Litt for Election to the Board of Lexington Realty TrustBusiness WireBelieves Nominees Have the Independent Perspectives, Differentiated Real Estate Investment Experience and Shareholder-Focused Mindsets Needed to Help Reverse Lexington's Chronic Underperformance Objective and Independent New Voices are Needed in the
5y agoTCO SPGTaubman Announces Taxable Allocations of 2020 Common and Preferred Share Dividend DistributionsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Taubman Company LLC announced today the tax allocations of the 2020 dividend distributions on the delisted Taubman Centers, Inc. common shares and 6.5% Series J and 6.25% Series K Cumulative Redeemable Preferred Shares.
5y agoTCOTaubman Centers, Inc. Provides Notice of Redemption of 6.5% Series J Cumulative Redeemable Preferred Stock and of 6.25% Series K Cumulative Redeemable Preferred StockBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (the “Company”; NYSE: TCO) announced that, effective today, it has provided notice to redeem on January 28, 2021, (the “Redemption Date”) all of the outstanding shares of its 6.5% Series J Cumulative Redeemable Preferred Stock (the “Series J Preferred Stock”; NYSE:TCO-PR J; CUSIP No. 876664 608) and all of the outstanding shares of it ...
5y agoTCO SPGTaubman Centers Shareholders Approve Merger with Simon Property GroupBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced amended and restated merger agreement (the “Merger Agreement”), dated as of November 14, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company ...
5y agoTCO SPG SPGIKinsale Capital Group Set to Join S&P MidCap 400; The Simply Good Foods Company to Join S&P SmallCap 600PR NewswireS&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on...
5y agoTCOTaubman Centers, Inc. Named GRESB Retail/Americas Sector Leader for Excellence in SustainabilityBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The 2020 Global Real Estate Sustainability Benchmark (GRESB) results are in and Taubman Centers, Inc. (NYSE: TCO) has been named the Retail/Americas Sector Leader for its outstanding environmental, social and governance (ESG) leadership.
5y agoCBL PEI SPG TCO+3Here's why these 7 U.S. mall owners, including Simon, are in trouble, S&P warnsCNBCAs winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.
5y agoTCOTaubman Centers Declares Quarterly Preferred DividendsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Taubman Centers, Inc. (the “Company or “Taubman””) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends are payable to shareholders of recor ...
5y agoCBLAQ PEI TCO SPG+1Mall Investors See Reason for Hope With Simon Deal, Vaccine NewsBloombergThere’s finally some good news for U.S. mall owners, whose shares have taken a beating during the Covid-19 pandemic.
5y agoMRNA CSPR PANW JD+13Stocks making the biggest moves in the premarket: Moderna, Casper Sleep, Uber, Tapestry & moreCNBCThe stocks making the biggest moves in premarket trading include Moderna, Casper Sleep, Uber, Tapestry, and more.
5y agoTCO SPGMall owners Simon and Taubman revise merger terms, with $800 million price cutCNBCUnder the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50.
5y agoTCO SPGSimon Property, Taubman Resolve Takeover Spat With Lower PriceBloombergSimon Property Group Inc. has reached a deal to buy rival mall owner Taubman Centers Inc. at a lower price than the companies agreed to in February.
5y agoSPG TCOSimon And Taubman Modify Merger Price To $43.00 Per Share In CashPR NewswireSimon Property Group, Inc. (NYSE: SPG) ("Simon") and Taubman Centers, Inc. (NYSE: TCO) ("Taubman") today announced that they have reached a...
5y agoTCO SPGMall Giants Simon, Taubman Face Off at Trial Over Busted BuyoutBloombergSimon 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.
6y agoTCOTaubman Centers, Inc. Issues Third Quarter ResultsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the third quarter of 2020.
6y agoDDS AONE TCO PEI+3Mall Shakeout Just Beginning While Owners Drown in Complex DebtBloombergThe two U.S. mall owners that filed for bankruptcy on Sunday could be just the beginning.
6y agoTCOTaubman Places ‘Community First’ this Holiday Season to Recognize and Thank Customers and Employees, While Helping Those in NeedBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) has made its holiday list, and has checked it twice, ensuring it is focused on gratitude for customers and employees, and help for communities in need this season.
6y agoSPG GPS TCOSimon Property shares could be a buy even as the pandemic continues to ravage the mallCNBCSome analysts think the largest U.S. mall owner Simon Property Group presents a buying opportunity, in the midst of the coronavirus pandemic. Here's why.
6y agoTCOTaubman Schedules Third Quarter Earnings ReleaseBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) will announce its third quarter 2020 earnings after the market closes on November 9, 2020. The company will not host a conference call this quarter.
6y agoTCOTaubman Asia and Shinsegae Group Celebrate the Opening of Starfield Anseong in South Korea TodayBusiness WireANSEONG, South Korea--(BUSINESS WIRE)--The new Starfield Anseong, the second joint venture between Taubman Asia and Shinsegae Property, opened today in Anseong, Gyeonggi Province, South Korea. The one million square foot, modern shopping, entertainment and dining destination is Taubman Asia’s fourth successful development project. It will serve as the primary mall for Anseong, one of the fastest-g ...
6y agoTCO BPY AIVInvestor Jonathan Litt on NYC real estate post-pandemic, what's booming and the future of retailCNBCLitt has been closely tracking the ups and downs in the real estate industry during the coronavirus pandemic.
6y agoBBY WMT TGT HD+106 ways the coronavirus pandemic has forever altered the retail landscapeCNBCThe global health crisis has inspired consumers to adopt new shopping habits and accelerated retailers' investments in e-commerce and contactless approaches.
6y agoDOW LB AXP ANTM+8LVMH-Tiffany Busted Deal Is Year’s Biggest to End Up in CourtBloombergTiffany & Co. is suing to force LVMH to go through with its $16 billion acquisition, while LVMH said Thursday it would sue Tiffany to get out of it, in the latest broken deal to wind up in court.
6y agoTCOTaubman Centers Declares Quarterly Preferred DividendsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Taubman Centers, Inc. (the “Company”) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends are payable September 30, 2020 to shareholders of ...
6y agoTCOTaubman Centers, Inc. Issues Second Quarter ResultsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the second quarter of 2020.
6y agoSPG AMZN BPY TCOSimon shares jump on reported talks with Amazon, but converting stores to warehouses may face hurdlesCNBCReal estate analysts say a deal between Amazon and Simon Property Group could be positive for the biggest U.S. mall owner in the near term, but there would be hurdles.
6y agoTCOTaubman Schedules Second Quarter Earnings ReleaseBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2020 earnings after the market closes on August 10, 2020. The company will not host a conference call this quarter.
6y agoTCOTaubman Centers Provides Business UpdateBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today announced that 100 percent of its operating properties in the U.S. and Asia, have reopened. Most U.S. centers were temporarily closed on March 19 in response to the COVID-19 pandemic and have reopened gradually using enhanced safety protocols, in compliance with all local, state and federal laws.
6y agoSPG BPY M TCOHere's why the biggest U.S. mall owner might want to buy JC PenneyCNBCSimon Property Group might want to own bankrupt J.C. Penney to be able to redevelop some of its best real estate and make it even better, according to one analyst.
6y agoTCO SPGTaubman Centers Shareholders Approve Merger with Simon Property GroupBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the “Merger Agreement”), dated as of February 9, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, “Taubman”), Simon Pr ...
6y agoTCOTaubman Centers Confirms Receipt of Notice from Simon Property Group Purporting to Terminate Merger AgreementBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) (“Taubman”) confirmed that Simon Property Group, Inc. (“Simon”) has today delivered a notice purporting to terminate the previously announced Agreement and Plan of Merger among Simon, Taubman, The Taubman Realty Group Limited Partnership (“TRG”) and other parties.
6y agoTCO SPGMall Owner Simon Property Terminates Deal to Buy Rival TaubmanBloombergSimon Property Group Inc. is terminating its $3.6 billion bid to buy Taubman Centers Inc., arguing that its rival mall owner has breached the merger agreement by not taking steps to mitigate the fallout from the coronavirus pandemic.
6y agoSPG TCO GPS CBL+2Mall owner Simon terminates its deal to buy Taubman due to pandemicCNBCSimon Property Group, the biggest U.S. mall owner, said Wednesday that it has exercised its contractual rights to terminate its deal to acquire high-end mall owner Taubman.
6y agoSPG TCOSimon Property Group Terminates Taubman AgreementPR NewswireSimon Property Group, Inc. (NYSE: SPG) ("Simon") today announced that it has exercised its contractual rights to terminate its February 9, 2020...
6y agoTCOTaubman Centers Declares Quarterly Preferred DividendsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Taubman Centers, Inc. (the “Company”) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends are payable June 30, 2020 to shareholders of reco ...
6y agoWLTW TCO SBBX ETFCMoore Kuehn Encourages WLTW, TCO, SBBX, and ETFC Investors to Contact Law FirmPR NewswireMoore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating whether the following proposed ...
6y agoGE MCD KHC WBA+9After flocking downtown to woo millennials, offices might be moving back to the suburbsCNBC"Is office space going the way of retail in five years? That's what investors are really trying to understand," said James Farrar, CEO of real estate investment trust City Office REIT.
6y agoTCOTaubman Centers, Inc. Issues First Quarter ResultsBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today reported financial results for the first quarter of 2020.
6y agoTCOTaubman Schedules First Quarter Earnings ReleaseBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) will announce its first quarter 2020 earnings after the market closes on May 5, 2020. The company will not host a conference call this quarter.
6y agoTGT HD COST TCOShopping center owner Kimco is trying to help its smaller tenants pay rent, stay in businessCNBCShopping center owner Kimco Realty has taken matters into its own hands to try to help small-business owners get access to funds that can help them pay rents.
6y agoCAKE LULU TCOMall owners worried over mortgage payments as retailers skip rentCNBCRetailers are worried about paying rent. And that has mall owners increasingly worried about meeting their own obligations.
6y agoSPG JCP M KSS+11Largest US mall owner, Simon Property, furloughs 30% of workforce, adding to avalanche of coronavirus-related retail layoffsCNBCThe biggest U.S. mall owner, Simon Property Group, has furloughed about 30% of its workforce as the company copes with all of its properties being temporarily shut because of the coronavirus pandemic.
6y agoTCO CAKE SPGUS mall owner Taubman is telling tenants they must pay rent amid coronavirusCNBCU.S. mall owner Taubman is telling its tenants that they must pay rent amid the coronavirus pandemic.
6y agoNKE AAPL COST WMT+3'Do we still have to pay rent?' Retailers grapple with closed stores and coronavirusCNBCThe consequences of still having to pay rent on a location that is not in business could deal a huge blow to some retailers that are already strained for cash.
6y agoTCOTaubman Centers, Inc. to Temporarily Close Shopping Centers in Response to COVID-19Business WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today announced the temporary closures of all but two of the company’s U.S. shopping centers in response to COVID-19. The closures will be effective at the close of business on March 19 and will continue through March 29, or later if required by state or local government.
6y agoTCOTaubman Centers Declares Quarterly Common Dividend of $0.675 Per ShareBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.675 per share of common stock. The common dividend is payable March 31, 2020 to shareholders of record on March 16, 2020.
6y agoTCOTaubman Completes Sale of Interest in CityOn.Xi’an to BlackstoneBusiness WireBLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) today announced the completion of the sale of 50 percent of Taubman Asia’s interest in CityOn.Xi’an (Xi’an, China) to real estate funds managed by Blackstone Group Inc. (Blackstone) for $91 million.
6y agoLULU M RL TPR+9US malls 'will be hit hard' if coronavirus worsens, new study showsCNBCIf the coronavirus spreads further in the U.S., that could mean really bad news for U.S. mall owners, according to new survey data.
6y agoSPG TCO MAC WPG+4The biggest US mall owner is doubling down on retail even as the industry strugglesCNBCSimon Property Group is on a buying spree with deals for mall owner Taubman and teen retailer Forever 21. Other mall operators are having a hard time simply keeping their doors open.
6y agoFG TCO FSCT QUMUMoore Kuehn Encourages FG, TCO, FSCT, and QUMU Investors to Contact Law FirmPR NewswireMoore Kuehn, PLLC, a securities law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether the...