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BRIEF-Land & buildings Investment Management issues letter to shareholders of Taubman Centers
December 13, 2016 / 1:53 PM / 9 months ago

BRIEF-Land & buildings Investment Management issues letter to shareholders of Taubman Centers

Dec 13 (Reuters) - Taubman Centers Inc

* Land & buildings Investment Management LLC issues letter to shareholders of Taubman Centers

* Land & Buildings Investment Management says “Taubman family’s ownership of series B preferred stock is likely a violation of Taubman Centers’ charter”

* Land & Buildings Investment Management says “board should significantly reduce voting power of Taubman family”

* Land & Buildings Investment Management says “Taubman’s audit committee must engage independent advisors to ensure enforcement of charter ownership limits”

* Land & Buildings Investment Management says “believe Taubman family may have been required and may have failed to make required filings of a schedule 13D” Source text for Eikon: Further company coverage:

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