Taubman Centers holders elect activist investor Jonathan Litt to board

|About: Taubman Centers, Inc. (TCO)|By:, SA News Editor

Taubman Centers (TCO -0.6%) says shareholders elected TCO director nominees Mayree Clark, and Michael Embler, as well as activist investor Jonathan Litt, who runs hedge fund Land & Buildings Investment Management.

The preliminary vote count also indicates that shareholders rejected Land & Buildings' non-binding proposal regarding the company's capital and voting structure.

Earlier today, Land & Buildings Investment Management issued a statement scolding the company for delaying its shareholder vote count that was scheduled to start at 8:30 a.m. ET. "We believe Taubman is prolonging closing its polls because they are seeking to convince shareholders to reverse their votes," Land & Buildings said in statement.

Source: Press Release

Previously: BKD investor Litt: may be time to `revisit broad real-estate monetization' (May 18)

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