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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:40 EDTBAM, SPG, GGPPershing 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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May 21, 2015
11:01 EDTSPGOntario Teachers' Plan could be Macerich 'white knight,' says dealReporter
After Macerich (MAC) snubbed a takeover bid from Simon Property (SPG) earlier this year, industry bankers and a Simon shareholder reportedly told dealReporter that Ontario Teachers’ Pension Plan may be a potential "white knight" suitor for the mall REIT, according to contacts.
May 19, 2015
07:55 EDTBAMBrookfield announces renewal of normal course issuer bid
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May 18, 2015
08:05 EDTBAMGrafTech announces agreement, plan of merger with Brookfield affiliate
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May 14, 2015
08:50 EDTGGP, SPGBofA/Merrill U.S. REITs analyst holds an analyst/industry conference call
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