Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania.
Jennah Moon | Bloomberg | Getty Images
U.S. shopping centers owner agreed to be bought by larger peer in a deal valued at $3.6 billion, the companies said on Monday.
Under terms of the deal, Simon will aquire all of Taubman’s common stock for $52.50 a share.
—CNBC contributeed to this report.
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