BALA CYNWYD, PA / ACCESSWIRE / February 10, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Taubman Centers, Inc. ("Taubman" or the "Company") (NYSE:TCO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Simon Property Group, Inc. (NYSE:SPG) ("Simon"). Under the terms of the agreement, Taubman shareholders will receive only $52.50 for each share of Taubman stock they own.
The investigation concerns whether the Taubman Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Simon is underpaying for the Company. For example, the deal price is below the 52-week high of $54.50 for Taubman shares and at least one analyst has set a price target of $60.00 for Taubman shares.
If you own shares of Taubman stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/taubman-centers-inc-nyse-tco/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Marc Ackerman
610-667-6200
mackerman@BrodskySmith.com
SOURCE: Brodsky & Smith, LLC
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