Wednesday, Dec. 11, 2002 | 9:47 a.m.
BLOOMFIELD HILLS, Mich. -- Taubman Centers Inc. today rejected Simon Property Group Inc.'s offer to buy the shopping mall developer for $18 a share, saying the $3.83 billion bid doesn't reflect the value of projects the company has just completed.
In Las Vegas, Simon Property owns the Forum Shops at Caesars and is a partner in a downtown outlet mall now under construction.
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