Simon, Westfield Want to Fill Taubman Seats
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Simon Property Group Inc. and Westfield America Trust said they planned to nominate four directors to the board of Taubman Centers Inc., signaling their determination to take over the rival mall owner, which has rejected buyout offers.
Simon, the No. 1 U.S. mall owner, and Westfield aim to take three of the eight Taubman seats that are up for election and also to fill the position left vacant by founder A. Alfred Taubman when he went to prison last year on price-fixing charges related to his role as chairman of auction house Sotheby’s Inc.
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