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Simon increases offer for Taubman to $1.5 bln

Simon Property Group Inc. plans to launch a tender offer for Taubman Centers Inc. for $18 a share, or about $1.5 billion, 50 cents a share higher than a proposal disclosed last month.The Indianapolis ...

Ahold’s U.S. Foodservice to acquire Allen Foods

Ahold’s wholly owned foodservice subsidiary in the United States, U.S. Foodservice, today announced that a definitive agreement has been signed and the transaction has closed, to acquire Allen ...

Taubman Centers responds to Simon Property Group´s announcement

Taubman Centers, Inc. said today, in response to Simon Property Group´s announcement that it has commenced a tender offer for outstanding Taubman Centers shares, that Simon´s offer ...

Simon Property Group commences $18.00 p/share cash offer for Taubman Centers, Inc.

Simon Property Group, Inc. today announced that it has commenced a tender offer to acquire all of the outstanding shares of Taubman Centers, Inc. at a price of $18.00 per share net to the seller in ca ...

ProLogis CEO: industrial real estate market is very soft

The industrial real estate market is 'very soft,' ProLogis Chief Executive K. Dane Brooksher said Thursday at a meeting with reporters in New York. But Brooksher said the third quarter was the first q ...

Manufacturing turnover up slightly

Dutch manufacturing turnover was 3 percent higher in October 2002 than in the same month last year, according to figures from Statistics Netherlands. The increase in turnover is the about same as the ...

ECB lowers interest rate with 0.50 percentage point

The minimum bid rate on the main refinancing operations will be reduced by 0.50 percentage point to 2.75%, starting from the operation to be settled on 11 December 2002.The interest rate on the margin ...

Housing costs to increase by 7.3% next year

Municipal housing expenses will increase substantially more than annueal inflation rate next year. The average increase will amount to 7.3%, whereas inflation is estimated at only 2.5%.These are the r ...

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