Corporate Profile

Taubman creates extraordinary retail environments for shoppers, merchants, communities and investors. Our portfolio of regional and super-regional malls, located in major markets across the U.S., is the most productive in the nation. We build shareholder value through the intense management of our existing properties and the highly selective development of new shopping destinations. The company extends its reach internationally through its Taubman Asia subsidiary.

Latest News

06/30/2020 Taubman Centers Provides Business Update
All Malls are Now Open Taubman Centers, Inc. (NYSE: TCO) today announced that 100 percent of its operating properties in the U.S. and Asia, have reopened. Most U.S. centers were temporarily closed on March 19 in response to the COVID-19 pandemic and have reopened gradually using enhanced safety protocols, in compliance with all local, state and federal laws. “Nearly 85 percent of stores in our portfolio have reopened, with more opening every day,” said the company’s Chairman, President and CEO Robert S. Taubman. “We are pleased to safely welcome customers back, and we are encouraged by the results we are seeing.” In addition to the Company’s 21 centers in major markets across the U.S., the Company’s three Asia shopping centers - CityOn.Xi’an (Xi’an, China) , CityOn.Zhengzhou (Zhengzhou, Henan, China) and Starfield Hanam (Hanam, South Korea) have been open and operating since the end of February. Taken together, about 95 percent of stores in Asia have reopened and comparable sales per...
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06/25/2020 Taubman Centers Shareholders Approve Merger with Simon Property Group
Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger agreement (the “Merger Agreement”), dated as of February 9, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, “Taubman”), Simon Property Group, Inc. (NYSE: SPG) (“Simon”) and certain other parties, and the transactions contemplated by the Merger Agreement (the “Transactions”). Approximately 99.7% of the shares voted were in favor of the Merger Agreement and the Transactions, which constitutes approximately 84.7% of the outstanding shares entitled to vote. Shares voting in favor also included approximately 78.3% of the outstanding shares entitled to vote held by shareholders other than the members of the Taubman family. The final vote results, as certified by the independent Inspector of Election, will be filed on a Form 8-K with the U.S. Securities and Exchange...
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06/10/2020 Taubman Centers Confirms Receipt of Notice from Simon Property Group Purporting to Terminate Merger Agreement
Taubman Centers, Inc. (NYSE: TCO) (“Taubman”) confirmed that Simon Property Group, Inc. (“Simon”) has today delivered a notice purporting to terminate the previously announced Agreement and Plan of Merger among Simon, Taubman, The Taubman Realty Group Limited Partnership (“TRG”) and other parties. Taubman believes that Simon’s purported termination of the Merger Agreement is invalid and without merit, and that Simon continues to be bound to the transaction in all respects. Taubman intends to hold Simon to its obligations under the Merger Agreement and the agreed transaction, and to vigorously contest Simon’s purported termination and legal claims. Taubman intends to pursue its remedies to enforce its contractual rights under the Merger Agreement, including, among other things, the right to specific performance and the right to monetary damages, including damages based on the deal price. Taubman has also announced that its Special Meeting of Shareholders, at which Taubman shareholders...
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TCO: $ 37.68
Change-0.30(-0.79%) Volume: 139,274 July 14, 2020 Pricing delayed 20 minutes

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  • Investor Relations

    Ryan Hurren

    Vice President, Investor Relations, Interim Chief Accounting Officer

    rhurren@taubman.com

    T: (248) 258-7232

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    Erik Wright

    Manager, Investor Relations

    ewright@taubman.com

    T: (248) 258-7390

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TCO 37.68
Change-0.30(-0.79%) Volume: 139,274 July 14, 2020