The board said that they and Mr Taubman’s family have agreed to end the process with immediate effect because after more than eight months, despite considerable interest in the company, they could not strike a satisfactory deal. Chief executive Bill Ruprecht said they would now concentrate on building upon their improved position.
Sotheby’s give up trying to sell Taubman stake
SOTHEBY’S have announced that they have given up trying to find a buyer for the controlling stake of disgraced former chairman A. Alfred Taubman.
