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TAUBMAN CENTERS PRICES INITIAL PUBLIC OFFERING

 BLOOMFIELD HILLS, Mich., Nov. 20 ~PRNewswire~ -- Taubman Centers, Inc. announced today that its initial public offering of 26.8 million shares of common stock has been priced at $11 per share.
 Morgan Stanley & Co. Incorporated, Alex. Brown & Sons Incorporated and Dean Witter Reynolds Inc. are managing the offering. Taubman Centers, Inc. is now listed on the New York Stock Exchange under the symbol TCO.
 Taubman Centers, Inc., as managing general partner of the Taubman Realty Group Limited Partnership (TRG), will engage in the full range of activities of the regional shopping center business. TRG will own interests in 19 operating Taubman shopping centers in 11 states. Taubman Centers, Inc. intends to qualify as a Real Estate Investment Trust (REIT).
 A prospectus relating to the securities may be obtained from the U.S. offices of either Morgan Stanley & Co. Incorporated, Alex. Brown & Sons Incorporated or Dean Witter Reynolds Inc.
 -0- 11~20~92 R
 ~CONTACT: Christopher Tennyson of Taubman Centers, 313-258-7519~


CO: Taubman Centers, Inc. ST: Michigan IN: REA SU: OFR

GK -- NY020R -- 3512 11~20~92 16:04 EST
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Publication:PR Newswire
Date:Nov 20, 1992
Words:179
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