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Taubman Centers acquires additional interests in two complexes

Taubman Centers acquired an additional 49.9% interest in International Plaza (Tampa, Fla.) and signed an agreement to acquire an additional 25% interest in Waterside Shops (Naples, Fla.). The company acquired its additional interest in International Plaza from CSAT, increasing its ownership in the center to 100%. The $437M purchase price for CSAT, LP's interest in the center consists of $275M of cash and approximately $162M of beneficial interest in debt.