The cash-and-stock deal, valued at $9.25 billion, entitles GGP shareholders to elect to receive for each GGP common share, either $23.50 in cash or one unit of Brookfield Property Group stock or one share of a new REIT that will be …
(Reuters) - Commercial real estate company Brookfield Property Partners LP said on Monday it would acquire the 66 percent of GGP Inc that it does not already own in a cash-and-stock deal that values GGP, one of the largest owners …
The fall in stock values came a day after Brookfield Property Partners announced its deal to buy the two-thirds of Chicago-based GGP that it didn’t already own, in a deal that values GGP at more than $15 billion. The buyer, the real estate unit …
Brookfield, which is part of Toronto-based Brookfield Asset Management, already owns about 34 percent of GGP Inc. stock. Last year it made an unsolicited bid …
Brookfield’s cash and stock offer for GGP values the company, one of the largest owners and operators of U.S. shopping centres, at about $15.3 billion, or $500 million (£353.1 million) more than a similar bid it made four months ago that …
Brookfield Property Partners L.P. (NYSE:BPY), the real estate arm of Brookfield Asset Management Inc (NYSE:BAM) in Toronto, got a steal this week in buying the rest of GGP Inc (NYSE:GGP), the second-largest shopping mall operator in …
(MENAFN Editorial) GGP shareholders can elect to receive for each GGP share either $23.50 in cash, or either one …
... receive either $23.50 in cash or either one BPY unit or one share of a new BPY U.S. REIT security for each share of …