Insightful News


We are an addiction for those who love reading.


Insightful News

Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP



Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own, according to people familiar with the matter.

Brookfield has offered to pay $23 a share for the remaining 66% of GGP, half in cash and half in equity, some of the people said. GGP investors could choose either cash or 0.9656 of a limited-partnership unit of Brookfield Property for each share, subject to proration that keeps the consideration of cash and units from each exceeding $7.4 billion.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *