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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:35 EDTGGPGeneral Growth announces additional information regarding investor transactions
In connection with these transactions, Brookfield advised GGP that Pershing Square delivered certain undertakings to Brookfield relating to GGP. Pursuant to Pershing Square's undertaking to Brookfield, Pershing Square agreed that, for a period of four years Pershing Square will refrain from undertaking any of the types of transactions with respect to GGP that are subject to disclosure under paragraphs (a)-(j) of item 4 of Schedule 13D. Pershing Square has further acknowledged the 9.9% ownership limitation in GGP's certificate of incorporation and agreed not to acquire shares of GGP, directly or indirectly, that would cause its ownership to exceed that limit. Brookfield also delivered a unilateral undertaking to GGP that modifies certain governance arrangements with GGP. Pursuant to such undertaking, Brookfield agreed that, for a period of four years, in connection with any stockholder vote on a change of control transaction recommended by GGP's board, Brookfield and its affiliates will limit their right to vote shares in excess of 38.2% of the then-outstanding Common Stock, Brookfield and its affiliates will participate in future repurchases of Common Stock by GGP so as not to exceed their 45% ownership cap, and Brookfield and its affiliates will not participate in any GGP dividend reinvestment plan unless first requested by GGP's board of directors.
News For GGP From The Last 14 Days
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September 16, 2014
10:50 EDTGGPOptions with increasing implied volatility
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September 11, 2014
11:29 EDTGGPOptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
September 10, 2014
11:23 EDTGGPOptions with increasing implied volatility
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