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Dead year for $BRFH (B2B frozen beverages producer) 2020 should've been theirs but covid froze school channel and delayed nat account rollout. Still see them winning when pandemic eases.
In the near term, planned reverse stock split should help get them back on some radars.
Win for both avoiding prolonged court battle. $TCO prevents further stock decline during pandemic and $SPG gets an 18% discount on original deal. Both had to concede something.
Simon Property $SPG and Taubman Centers $TCO announced today they've agreed to change the original terms of their deal for Simon to acquire Taubman
The original pre-pandemic deal was for $52.50 per share of $TCO and the new updated deal is for $43 per share in cash