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10.02.2020 18:30:00

Here’s Why Taubman Centers Stock Is Up More Than 50% Today

Mall real estate investment trust Taubman Centers (NYSE: TCO) is soaring on Monday. As of noon EST, the company's stock price had risen by more than 50%. And that's on top of a 10% upward move last week.The reason? Taubman, which owns 24 malls in the U.S. and Asia, is being acquired by a larger mall operator, and they are paying a major premium.Image source: Getty Images.Continue reading
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