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Taubman up nearly 5% on reported activist stake

Yet another roughed-up mall player has come into the sights of an acquirer/activist. This time it’s Taubman Centers (TCO +4.5%), and the investor is Paul Singer’s Elliott Management.

Bloomberg is reporting Elliott as having amassed a stake of some size (though less than the 5% reporting threshold), with plans to push for changes. Taubman has already been targeted by Jonathan Litt’s Land & Buildings.

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