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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:40 EDTGGP, SPG, BAMPershing 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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October 23, 2014
08:12 EDTBAMBrookfield Residential to review Brookfield proposal
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07:04 EDTBAMBrookfield proposes to acquire 30% of BRP not owned for $32.00 per share
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October 22, 2014
07:27 EDTSPGSimon Property says Q3 results include (35c) loss related to debt extinguishment
Simon Property Group Q3 results include a loss on the extinguishment of debt of $127.6M, or (35c) per diluted share, related to the successful September cash tender offers and the redemption of a series of notes of Simon Property Group L.P. unsecured debt totaling $1.572B.
07:25 EDTSPGSimon Property raises FY14 FFO view to $8.84-$8.88, consensus $8.93
Simon also raised guidance for net income to a range of $4.45-$4.49 per diluted share. The new guidance represents an increase of 15c per diluted share from the midpoint of the range provided on July 23, after giving effect to the loss on extinguishment of debt from the successful tender offers and redemption.
07:10 EDTSPGSimon Property reports Q3 FFO $1.90, consensus $1.92
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October 21, 2014
15:35 EDTSPGNotable companies reporting before tomorrow's open
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