Business Services Industry
Briefly.(Briefs)
Crain's Detroit Business, March, 2003
Rouse offer in 1998 may have led to Taubman's restructuring Just as Bloomfield Hills-based Taubman Centers Inc. was in the midst of reorganizing its corporate structure in May 1998, the Columbia, Md.-based Rouse Co. offered to pay $17.50 a share to buy the Bloomfield Hills-based mall developer.
``I hope that as you reflect further on our discussions, you will share my view that a merger of our two companies would create significant value for our respective shareholders,'' Anthony Deering, Rouse's chairman and CEO, said in a letter to Robert Taubman, president and CEO of Taubman Centers. Simon Property Group Inc. (NYSE: SPG), which has been trying to buy Taubman Centers since October, argues in a lawsuit filed with U.S. District Court in Detroit that the...
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