THIS ROUND, TAUBMAN: A Detroit federal district court on Tuesday granted Taubman Centers Inc.’s request to stay a preliminary injunction that had been granted in Simon Property Group’s favor in Simon’s six-month attempt to take over is archrival. The stay maintains the status quo until a federal appeals court rules on a lower court decision which would have blocked the Taubman family from using its controlling 33.6 percent stake to defeat Simon’s $1.68 billion hostile takeover bid. In return for the stay, Taubman agreed not to take any steps that would “impede” Simon’s tender offer, including the repurchase of shares and the adoption of an antitakeover mechanism such as a poison pill.

NEW POSITION AT SEARS: Sears, Roebuck & Co. has appointed Cynthia Rodgers Maignan director of multicultural merchandising. Maignan will be responsible for heading up all merchandising efforts in relation to burgeoning minority markets. Maignan will report to Sara LaPorta, senior vice president and chief strategy officer at Sears. Most recently, Maignan served as director of strategic marketing for Summit Marketing in Chicago. Previously, she was vice president of market analysis and new stores for Claire’s Stores Inc.

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