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Upscale shopping center developer Taubman Centers Inc. has agreed to a price cut when it was acquired by Simon Property Group Inc., in a measure that will allow businesses to avoid a lengthy legal battle that was due to start on Monday.
The companies agreed that Simon SPG,
will pay $ 43 per share for Taubman under the new deal, they said Sunday. That’s down from the original price of $ 52.50.
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