Simon Property Group Inc., the world’s largest mall owner, bought a land parcel on New York’s Long Island from rival shopping-center landlord Taubman Centers Inc., which failed to develop the property.
Long Island’s Oyster Bay, New York’s sixth-largest bond issuer, is trying to balance its finances after seven years of deficits. A battle between two of the biggest U.S. mall developers may wreck those plans.
Delegat’s Group Ltd. ’s takeover of New Zealand grape grower Oyster Bay Marlborough Vineyards Ltd. may not succeed as some of the company’s 20 biggest shareholders oppose the bid, the Dominion Post reported.
When giving culinary advice for the holidays, I like to take a page not from Zagat or Michelin, but rather from the script of “Ronin,” John Frankenheimer’s spy- thriller set during Christmastime in France.