Taubman Centers Board unanimously rejects Simon Property Group´s offer

Taubman Centers, Inc. today announced that after careful consideration, including a thorough review with its financial and legal advisors, its Board of Directors has unanimously voted to reject Simon Property Group´s $18.00 per share cash offer as inadequate, opportunistic and clearly not in the best interests of the Taubman Centers shareholders.

Accordingly, the Board of Directors strongly recommends that all Taubman Centers shareholders reject Simon´s offer and not tender their shares.

For more information please visit www.taubman.com.

Â'(source: Taubman Centers)

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