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NEW YORK, May 5, 2020 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, has launched an investigation into whether board members of Taubman Centers, Inc . (NYSE: TCO) breached its fiduciary obligations or violated federal securities laws in connection with the company’s proposed merger with Simon Property Group, Inc.
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On February 10, 2020, Taubman announced that he had signed an agreement to merge with the Simon Property Group. Pursuant to the merger agreement, Taubman shareholders will receive $ 52.50 in cash for each share of Taubman common property. The deal is slated to close in mid-2020.
Bragar Eagel & Squire is concerned that Taubman’s board of directors oversaw an unfair process and ultimately agreed to an inappropriate settlement price. Accordingly, the firm is investigating all relevant aspects of the agreement and is committed to ensuring the best possible outcome for Taubman’s shareholders.
If you own Taubman stock and are concerned about the proposed merger, or if you are interested in learning more about the investigation or your legal rights and remedies, please email Melissa Fortunato or Alexandra Raymond. [email protected] or call (646) 860-9157, or filling this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C .:
Bragar Eagel and Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, visit www.bespc.com. Advertising lawyer. Previous results do not guarantee similar results.
Contact information:
Bragar Eagel and Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com
