Simon Property Group and Taubman Centers have changed the terms of the merger agreement. It still provides for the purchase of Simon 80% in Taubman Realty Group, but now at a price of $43.00 per share. Also, Taubman will not declare or pay dividends until March 1, 2021 and then only subject to certain restrictions and conditions. The transaction is expected to be closed in late 2020 or early 2021, subject to approval by Taubman shareholders and subject to standard closing conditions.