News Breaks |
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| January 3, 2013 |
| 06:40 EDT |  | GGP, BAM, SPG | Pershing 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. |
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News For GGP;SPG;BAM From The Last 14 Days Check below for free stories on GGP;SPG;BAM the last two weeks. |
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| June 16, 2013 |
| 19:25 EDT | | BAM | Brookfield to sell Longview Fibre Paper and Packaging to KapStone for $1.03B
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| 14:39 EDT | | BAM | Brookfield sells Longview Timber, Longview Fibre Paper and Packaging for $3.7B
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| 13:55 EDT | | BAM | Weyerhaeuser's Longview Timber acquisition seen as immediately accretive
Weyerhaeuser Company (WY) announced it has a signed definitive stock purchase agreement to acquire Longview Timber from affiliates of Brookfield Asset Management (BAM) for $2.65B, which includes the assumption of debt. Upon closing, Weyerhaeuser expects the acquisition to be immediately accretive to the company's funds available for distribution per share. In conjunction with and subject to the completion of the acquisition, the company intends to increase its quarterly dividend from 20c per share to 22c per share beginning with the Q3 dividend, payable in September. Weyerhaeuser expects that the cash flows and synergies from the acquisition will enhance its ability to further increase its dividend in the future. |
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| 13:49 EDT | | BAM | Weyerhaeuser to acquire Longview Timber for $2.65B, intends to increase dividend
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| June 13, 2013 |
| 10:05 EDT |  | GGP | On The Fly: Analyst Upgrade Summary
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| 08:04 EDT | | GGP | General Growth upgraded to Equal Weight from Underweight at Evercore
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| June 11, 2013 |
| 06:38 EDT | | BAM | Brookfield acquires 30% interest in EZW Gazeley
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| June 10, 2013 |
| 14:03 EDT | | BAM | KapStone rises after agreeing to acquire Longview
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| 13:34 EDT | | BAM | KapStone to acquire Longview Fibre Paper and Packaging for $1.025B
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| June 6, 2013 |
| 08:57 EDT |  | SPG | Simon Property volatility increases as shares trend lower
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| June 5, 2013 |
| 09:40 EDT |  | SPG | Barclays to host events at REITWeek
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