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Taubman Centers announces $200M share repurchase program

Taubman Centers announced its board has authorized a share repurchase program under which the company may repurchase up to $200M of its outstanding common stock. The company plans to repurchase shares from time to time on the open market or in privately negotiated transactions or otherwise, depending on market prices and other conditions. If the entire $200M is used at current market prices, the repurchase would represent just under five percent of the company's common shares outstanding.