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Article: Taubman Centers Comments On Simon Property Group And Westfield America's Proposed Nominees to Taubman Board.
- Article from:
- PR Newswire
- Article date:
- March 27, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Taubman Centers, Inc. today responded to Simon Property Group's and Westfield America's announcement of a slate of four director nominees they propose for election to the Taubman Centers Board. The company stated:
Simon and Westfield are subjecting the company to a proxy contest to elect their nominees solely to advance their own agenda. We believe that a proxy fight will only serve to disrupt all three companies, including Taubman Centers.
The Board has made clear that it is not prepared to recommend to the shareholders the sale of the company at an inadequate price, nor does the Board believe that maximum value will be realized by selling the ...