Taubman Centers Inc., a real estate investment trust based in Bloomfield Hills, Mich., has priced a public offering of 4 million shares of 8% preferred stock at $25 per share.The series G cumulative redeemable preferred stock has no stated maturity, sinking fund, or mandatory redemption and is not convertible, the company said. Morgan Stanley & Co. is the lead manager for the offering, and KeyBanc Capital Markets, a division of McDonald Investments Inc., is the co-manager. Taubman can be found on the Web at http://www.taubman.com.
Processing Content
