New User:

-or-
Username:
Password:
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
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
10:50 EDTGGPOptions with increasing implied volatility
Subscribe for More Information

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

I agree to the theflyonthewall.com disclaimer & terms of use