Simon Property and Taubman revise terms of merger deal

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© Reuters. Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State's largest retail shopping space, in King of Prussia© Reuters. Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia

(Reuters) – Simon Property Group Inc (N:), the biggest U.S. mall operator, said on Sunday it has agreed with Taubman Centers Inc (N:) to modify terms of their merger deal, including a revised purchase price of $43 per share in cash.

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