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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:40 EDTGGP, BAM, SPGPershing Square no longer thinks General Growth should consider sale
Pershing Square disclosed an 8.0% stake in General Growth (GGP) and said that when it filed its original stake in the company on October 24, 2011, its intent was to have conversations with Simon Property Group (SPG) in respect of SPG's interest in acquiring General Growth. Since SPG has chosen not to go forward with that or any other potential transaction with the General Growth, and Brookfield Asset Management (BAM) has subsequently agreed to modify Brookfield’s governance arrangements with the company, Pershing Square said it no longer believes that the General Growth should consider a sale and should therefore remain an independent publicly traded corporation. Furthermore, Pershing Square said it is satisfied with the board’s oversight of the company and therefore intend to return to their status as passive shareholders of the company. Consequently, Pershing Square terminated its activist investor filing and filed a Schedule 13G, reflecting a passive stake.
News For GGP;SPG;BAM From The Last 14 Days
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January 30, 2015
07:06 EDTSPGSimon Property sees FY15 FFO $9.60-$9.70, consensus $9.80
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07:05 EDTSPGSimon Property reports Q4 FFO $2.47, consensus $2.47
Reports Q4 revenue $1.30B, consensus $1.30B
January 29, 2015
15:37 EDTSPGNotable companies reporting before tomorrow's open
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January 28, 2015
16:17 EDTGGPGeneral Growth sees FY15 Same Store NOI up 4.5%
16:17 EDTGGPGeneral Growth sees Q1 Same Store NOI up 4%
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16:17 EDTGGPGeneral Growth sees FY15 FFO $1.40-$1.46, consensus $1.44
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16:16 EDTGGPGeneral Growth sees Q1 FFO 31c-33c, consensus 32c
16:16 EDTGGPGeneral Growth reports Q4 FFO 38c, consensus 38c
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15:37 EDTGGPNotable companies reporting after market close
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January 23, 2015
08:03 EDTBAMBrookfield acquires remaining 50% interest in JV with Johnson Controls for $200M
Brookfield Asset Management (BAM) announced that it has reached an agreement to acquire the other 50% of its Canadian and Australian facilities management businesses from Johnson Controls (JCI) for approximately $200M. This acquisition will facilitate a merger with its wholly owned businesses in the Middle-East and South America as part of a broader plan to create the leading global facilities management business. With the termination of its joint venture agreements with Johnson Controls, Brookfield will immediately launch its facilities management businesses in scale in the United States and Europe, building on client relationships across its 340M square feet property portfolio.
January 22, 2015
05:49 EDTGGPStocks with implied volatility movement; SYY GGP
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January 20, 2015
07:26 EDTGGPGeneral Growth initiated with an Outperform at Cowen
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January 16, 2015
10:06 EDTGGPBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.

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