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GGP Accepts Sweetened Buyout Offer from Brookfield for $9.25 Billion Cash Plus Stock

(COSTAR) - 8 months, 2 weeks ago
 Shopping mall owner GGP Inc. (NYSE:GGP) has accepted a sweetened offer from Toronto-based Brookfield Property Partners L.P. (Nasdaq:BPY) to sell the remainder of the company Brookfield doesn't already own for $9.25 billion cash plus stock. The companies announced the deal late Monday. Under the agreement unanimously endorsed by a special committee of GGP’s board, shareholders of the Chicago-based retail property owner can choose to receive either......
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