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Taubman Centers' Update on Corporate Governance Seen Falling 'Short' of 'What Is Needed' on Capital Allocation

Land & Buildings Investment Management said Thursday it "continues to question" Taubman Centers, Inc.'s ( TCO ) updates on corporate governance, which it believes fall short of "what is needed". Shares climbed more than 1% intraday.

"Given that these announced changes only came about as a result of Land and Buildings running a special...