Jun 10, 2020 - Economy

Mall owner Simon scraps mega-merger with Taubman

Illustration of an escalator crashing through the rough of a mall and extending into the clouds

Illustration: Rebecca Zisser/Axios

Simon Property Group canceled Wednesday its $3.6 billion deal for rival shopping mall operator Taubman Centers.

Why it matters: This is one of several mergers agreed to before the coronavirus pandemic that have been scrapped due to pandemic-related performance problems. The spurned targets have often fought back — with a possible precedent-setting trial to occur next month between private equity firm Advent International and enterprise software company Forescout Technologies.

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