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| TCO > SEC Filings for TCO > Form 8-K on 5-Dec-2012 | All Recent SEC Filings |
5-Dec-2012
Other Events, Financial Statements and Exhibits
On December 4, 2012, Taubman Centers, Inc. issued a press release announcing a sale of portions of its Taubman TCBL business to China Xintiandi, a subsidiary of Shui On Land (0272.HK) for $15.5 million, an amount approximately equal to Taubman's investment in the business. The transaction has been completed, but remains subject to closing adjustments. Taubman is expected to incur a tax liability of approximately $3.5 million, which will be recorded in the fourth quarter of 2012. This amount was not included in the company's 2012 earnings guidance issued on October 24.
A copy of the press release is attached as Exhibit 99 to this report and is incorporated herein by reference.
(d) Exhibits
Exhibit Description
99 Press Release, dated December 4, 2012, entitled "Taubman Asia
Reorganizes its China Business."
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