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Article: Taubman Centers, Inc. Rejects Unsolicited Proposal.
- Article from:
- PR Newswire
- Article date:
- November 13, 2002
CopyrightCOPYRIGHT 2002 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 Family - 30% Owners - Categorically Opposed to Sale of Company
Taubman Centers, Inc. confirmed today that it has received an unsolicited proposal from Simon Property Group, Inc. seeking to acquire control of the Company. Taubman Centers said that its Board of Directors had previously met and, with the advice of its outside financial and legal advisors, had considered the proposal. The Board unanimously concluded that Taubman Centers has no interest in pursuing a sale transaction and that discussions regarding such a transaction would not be productive.
The Taubman family, large economic stakeholders with voting control of more than 30% of ...