Brookfield Property made a $23-per-share cash and stock offer last month for the 66 percent of GGP it does not already own. A combination of Chicago-based GGP and Brookfield Property would create one of the world’s largest publicly …
The offer was half in cash and half in equity. GGP has pushed back on the offer, wary of accepting Brookfield stock in its current form, some of the people said. Now, the real-estate investor is considering two options to change its proposal. …
As a result, we believe that many analyst and press reports expressed the inaccurate view that Pershing Square’s letter was simply an attempt to increase the value of GGP’s stock price for the purpose of selling our stake. Brookfield’s …
Shares of GGP Inc. (GGP) will begin trading ex-dividend on Tuesday, April 11. To qualify for a dividend check, investors must have owned GGP shares prior to Tuesday, which is the last day the company's management will finalize its roster …
The stock fell 4.9 percent to close Wednesday at $91.04, after earlier tumbling more than 8 percent. Shares had jumped 4.6 percent on May 1 when GGP said it was reviewing "all strategic alternatives." GGP Chief Executive Sandeep …
Investors in GGP Inc. GGP need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 20, 2017 $29 Call had some of the highest implied volatility of all equity options today. What is Implied …
Mathrani told analysts in a conference call that the combined value of GGP's properties is much higher than its stock market value, one reason it's weighing its options. After hitting a post-recession high of $31.97 last July, the firm's …
GGP) today announced it has completed the spin-off of The Howard Hughes Corporation (NYSE: HHC) (“Howard Hughes”) through the distribution of shares of Howard Hughes common stock to holders of GGP common stock. The Howard …
The company, which also owns high-end malls near Los Angeles, Washington D.C., and Water Tower Place in Chicago, where it is based, emerged from bankruptcy protection in 2010 with help from Brookfield. GGP's stock surged more …
The company seeks to buy about 66 percent of GGP's shares for $23 each. The other 34 percent of GGP stock is already owned by Brookfield Property and its affiliates, the company said. "Brookfield's access to large-scale capital and deep …