Monday, December 11, 2017

U.S. mall owner GGP rejects Brookfield Property's $14.8 billion offer

Image result for natick mallGGP Inc, one of the largest owners and operators of U.S. shopping centers, has rejected a $14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP, people familiar with the matter said on Sunday.

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 traded property companies.. . . more

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