Tuesday, December 12, 2017

Brookfield Expects GGP to Accept Takeover Offer after More Talks

acquisitionWhile the process may take months, Brookfield Property Partners LP is likely to be ultimately successful in its bid to take over the portion of mall owner GGP Inc. it doesn’t already own, said the chief executive officer of Brookfield’s parent company.

The buyout talks remain active, said Bruce Flatt, CEO of Brookfield Asset Management Inc., declining to discuss the negotiations in detail. GGP has rejected Brookfield’s original $14.8 billion bid for the 66 percent of the company it doesn’t hold, a person with knowledge of the matter said on Sunday, asking not to be identified because the discussions are private.. . . more

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