Wednesday, November 8, 2017

Brookfield Is Said to Hold Early Talks about GGP Takeover

Image result for natick mallBrookfield Asset Management Inc. has held preliminary discussions with GGP Inc. about acquiring the stake in the mall owner that it doesn’t already own and taking the company private, according to a person familiar with the matter.

The companies have discussed a premium of about 10 percent to 15 percent above GGP’s share price as of the start of this week, the person said, asking not to be identified as the details are private. Talks are at an early stage, the pricing may change and there’s no guarantee a deal will happen, the person said.. . . more

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