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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.
News For GGP From The Last 14 Days
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January 28, 2015
16:17 EDTGGPGeneral Growth sees FY15 Same Store NOI up 4.5%
16:17 EDTGGPGeneral Growth sees Q1 Same Store NOI up 4%
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16:17 EDTGGPGeneral Growth sees FY15 FFO $1.40-$1.46, consensus $1.44
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16:16 EDTGGPGeneral Growth sees Q1 FFO 31c-33c, consensus 32c
16:16 EDTGGPGeneral Growth reports Q4 FFO 38c, consensus 38c
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15:37 EDTGGPNotable companies reporting after market close
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January 22, 2015
05:49 EDTGGPStocks with implied volatility movement; SYY GGP
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January 20, 2015
07:26 EDTGGPGeneral Growth initiated with an Outperform at Cowen
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January 16, 2015
10:06 EDTGGPBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.

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