Deals Report: Simon Property to Buy Taubman, Xerox Boosts HP Bid

The transcript discusses the acquisition of Taubman by Simon Property Group, highlighting the high premium paid due to scarcity value and control issues. It also covers the challenges in real estate acquisitions, citing past attempts by Simon to acquire Macerich. The second part of the transcript analyzes the ongoing merger attempts between Xerox and HP, focusing on market reactions and strategic moves by both companies.

Why did Simon pay a high premium for Taubman?

• Due to scarcity value and control by the Taubman family

• To quickly finalize the deal

• Because Taubman's shares were increasing

• To avoid competition from Brookfield

What was a significant challenge in acquiring Taubman?

• Insufficient funds from operations

• High operational costs

• Control by the Taubman family and activist pressures

• Lack of interest from shareholders

What is a notable characteristic of the real estate sector mentioned in the transcript?

• Lack of competition

• High level of cooperation

• Stable market conditions

• Presence of big egos and characters

What is the market's perception of Xerox's bid for HP?

• It is a strategic move to acquire HP

• It is unlikely to succeed due to HP's size

• It will definitely succeed

• It is a move to increase HP's share price

What is Xerox's potential strategy in its bid for HP?

• To get acquired itself

• To acquire HP and expand its market

• To merge with another company

• To increase its own share price