Taubman Pays $437M For Stakes In Luxury Fla. Mall

Law360, New York (December 20, 2012, 1:37 PM ET) -- In yet another major retail deal to come out of Florida this week, Taubman Centers Inc. has taken over a luxury Tampa-area mall by purchasing the 49.9 percent share it didn't already own for $437 million, the Michigan-based real estate investment trust announced Wednesday.

Per the deal, Taubman scooped up the share it did not own in International Plaza from a local investment entity known as CSAT LP. Taubman is paying $275 million in cash and taking on about $162 million of debt interest in the...
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