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Stock Market & Financial Investment News

News Breaks
January 28, 2013
17:54 EDTGGPGeneral Growth purchases warrants held by Blackstone and Fairholme
General Growth Properties announced the purchase of warrants held by affiliates of The Blackstone Group (BX) and Fairholme Funds for approximately $633M. The company will fund the transactions using its available cash resources. The warrants were exercisable into approximately 52M common shares of the company at a weighted average exercise price of approximately $9.37 per share. The warrants were scheduled to expire in November 2017. Effective with these transactions, Blackstone and Fairholme no longer hold any warrants to acquire the company's common shares. In addition, pursuant to an offer previously made by Brookfield Asset Management to the company, the independent members of the company's board decided not to purchase the warrants recently acquired by Brookfield from affiliates of Pershing Square Capital Management. Brookfield is now the sole holder of the Company's remaining outstanding warrants which are currently exercisable into approximately 83M common shares of the company at a weighted average exercise price of approximately $9.53 per share.
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July 28, 2014
16:05 EDTGGPGeneral Growth sees Q3 FFO 30c-32c, consensus 32c
16:05 EDTGGPGeneral Growth sees 2014 FFO $1.30-$1.32, consensus $1.32
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16:04 EDTGGPGeneral Growth reports Q2 FFO 31c, consensus 30c
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15:47 EDTGGPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.

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