 |
Reevemark represents Simon Property Group, which has terminated its $3.6B deal to acquire Bloomfield, MI-based Taubman Group because of the alleged failure of the mall operator to take action to mitigate the impact of the COVID-19 pandemic.
SPG filed a suit in a Michigan court requesting a declaration that Taubman suffered a material adverse event and breached the merger agreement that was announced in February.
The Indianapolis-based company claims that COVID-19 disproportionately impacted Taubman because its enclosed malls are located in densely populated metro areas and are dependent on domestic and international tourism business.
Taubman believes that SPG's "purported termination" of the merger agreement is invalid and without merit and that it continues to be bound to the transaction in all respects.
Reevemark's Hugh Burns and Paul Caminiti represent SPG.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
