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Stock Market & Financial Investment News

News Breaks
March 20, 2014
08:18 EDTBPO, BPYBrookfield Property says Offerors have taken up 203.6M shares of BPO
Brookfield Property Partners (BPY) and its indirect subsidiaries Brookfield Office Properties Exchange and Brookfield Property Split Corp., collectively with Brookfield Property Partners, the "Offerors", announced that the Offerors have taken up 203,597,640 common shares of Brookfield Office Properties Inc. (BPO) pursuant to their offer to acquire the common shares of BPO for consideration per BPO common share of either 1 limited partnership unit of Brookfield Property Partners or $20.34 in cash, subject in each case to pro-ration based on a maximum number of BPY limited partnership units and maximum cash consideration equating to 67% and 33%, respectively, of the total number of BPO common shares subject to the Offer. Ric Clark, CEO of Brookfield Property Group stated, "Brookfield Property Partners received over 200M shares under its Offer and will take up and pay for those shares. Based on the tender results, BPY will be able to ensure a majority of the minority vote at a shareholders meeting."
News For BPY;BPO From The Last 14 Days
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February 5, 2016
12:55 EDTBPYBrookfield Property CEO denies interest in General Growth buyout, Real Deal says
Brookfield Property Partners (BPY) CEO Brian Kingston said on the company's fourth quarter earnings call that the company is happy with its investments in General Growth Properties (GGP) in their current form, which is in contrast to a Reuters report last week that said Brookfield would look to buyout and privatize the REIT, reported The Real Deal. "I'm not surprised this has come out, but there's nothing imminent and there's nothing to report on at this point," the report quoted Kingston as having said. Reference Link
12:51 EDTBPYBrookfield Property CEO denies interest in General Growth, Real Deal says
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06:53 EDTBPYBrookfield Property reports Q4 FFO 34c vs. 27c last year
Reports Q4 revenue $1.20B, one estimate $1.22B.

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