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1.38377660311967E-05 -0.000913292558049384 0.000719563833614833 0.00185426064816101 0.00268452661002415 -0.00190961171228516 -0.0029612819306451 -0.0029612819306451
Stock impact report

Mall developer Taubman to permanently close, expects 100+ layoffs in metro Detroit [Yahoo! Finance]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: Yahoo! Finance
The Taubman Co. is preparing to shutter its Bloomfield Hills headquarters and lay off over 100 employees in the wake of its recent acquisition by Simon Property Group, the nation's largest mall owner and operator. A mass layoff notice published this week says the 105 layoffs will happen Jan. 9 and the company's headquarters office at 200 East Long Lake Road will permanently close. The notice says the office closure plan follows a merger/acquisition and "transfer of operational control." The entrance to the Taubman headquarters in Bloomfield Hills. On Nov. 3, Indianapolis-based Simon Property Group announced that it had finalized the last step in its gradual acquisition of what was Taubman Centers, buying the remaining 12% of the Taubman company in exchange for 5 million limited partnership units in Simon. The acquisition began in December 2020, when Simon purchased an 80% ownership stake in Taubman for $3.4 billion. Taubman Centers was founded in 1950 by A. Alfred Taubman a Show less Read more
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