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Stock Market & Financial Investment News

News Breaks
June 18, 2014
09:11 EDTTCOTaubman Centers to sell seven malls to Starwood Capital Group for $1.4B
Taubman Centers and Starwood Capital Group announced a definitive agreement whereby Starwood, through a controlled affiliate, has agreed to purchase a portfolio consisting of seven Taubman malls in Virginia, North Carolina, Florida, Texas and Michigan. Consideration totaling $1.405B before transaction costs includes $785M of cash and $620M of property-level debt that will be repaid or assumed at closing by the buyer. Taubman's share of cash and property level debt are expected to be $765M and $595M, respectively. Closing is expected to occur in Q4..
News For TCO From The Last 14 Days
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August 24, 2015
08:14 EDTTCOTaubman Centers upgraded on growth outlook, valuation at Oppenheimer
As noted earlier, Oppenheimer upgraded Taubman to Outperform from Perform. The firm thinks that more bad news about the company's developments is unlikely to surface, since some projects have opened and others have progressed significantly. It believes that the stock provides "an attractive combination of growth and value." Target $85.
06:38 EDTTCOTaubman Centers upgraded to Outperform from Perform at Oppenheimer

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