New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 10, 2014
16:04 EDTGGPGeneral Growth acquires 27.6M shares from Pershing Square for $556M
General Growth Properties announced the acquisition of 27,624,282 of its common shares from affiliates of Pershing Square Capital Management at $20.12 per share for total consideration of approximately $556M. The company used available liquidity to fund the repurchase transaction. Pershing Square no longer holds any common shares of the company. The transaction reduces the company's total diluted common shares outstanding to approximately 937M shares. Assuming the transaction occurred at the beginning of 2014, the pro forma positive impact on 2014 company Funds From Operations per diluted common share would have been approximately 2c annualized and the impact on GAAP net income per diluted common share is de minimis. The common share repurchase transaction was not included in the company's earnings guidance for 2014.
News For GGP From The Last 14 Days
Check below for free stories on GGP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information
16:04 EDTGGPGeneral Growth reports Q2 FFO 31c, consensus 30c
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use