March 26, 2018 / 10:27 PM / 5 months ago

Brookfield Property to buy mall operator GGP

March 26 (Reuters) - Commercial real estate company Brookfield Property Partners LP said on Monday it will buy GGP Inc, one of the largest owners and operators of U.S. shopping centers, for $23.50 per share.

GGP shareholders can elect to receive, either $23.50 in cash, or either one Brookfield unit, or one share of a newly created company for each share held, the companies said.

GGP rejected a $14.8 billion cash-and-stock offer from Brookfield Property, its largest shareholder, in November. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below