Apr
29
Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP
ByBrookfield 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…
Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP
