Honigman Co-represents Taubman in Majority Stock Sale in $3.6 Billion Deal
Honigman is co-representing Taubman Centers, Inc. in a deal under which Simon Property Group, through its operating partnership, will acquire an 80% ownership interest in the Taubman Realty Group Limited Partnership (TRG) and all Taubman common stock. The Taubman family will sell approximately one-third of its ownership interest at the transaction price and remain a 20% partner in TRG. The deal includes cash consideration of approximately $3.6 billion.
The Honigman deal team was led by Joseph Aviv and Michael S. Ben and includes Martin L. Katz, Joel M. Krugel, Bruce L. Segal, Shawn A. Strand, Gabrielle Sims White and Emily J. Johns.
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia.