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GGP Inc (GGP.N)

GGP.N on New York Stock Exchange

21.04USD
20 Jul 2018
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$0.25 (+1.20%)
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Latest Key Developments (Source: Significant Developments)

GGP Announces That Both ISS And Glass Lewis Recommend For The Merger Proposal
Thursday, 19 Jul 2018 

July 19 (Reuters) - GGP Inc ::GGP INC. ANNOUNCES THAT BOTH ISS AND GLASS LEWIS RECOMMEND FOR THE MERGER PROPOSAL AND FOR THE RELATED CHARTER AND BYLAWS PROPOSALS.GGP INC - ISS & GLASS, LEWIS & CO BOTH RECOMMENDED GGP STOCKHOLDERS VOTE "FOR" MERGER PROPOSAL, "FOR" RELATED CHARTER AND BYLAWS PROPOSALS.  Full Article

Brookfield And GGP Reach Agreement On BPY’S Acquisition Of GGP
Monday, 26 Mar 2018 

March 26 (Reuters) - Brookfield Property Partners LP ::BROOKFIELD AND GGP REACH AGREEMENT ON BPY’S ACQUISITION OF GGP.AGGREGATE CASH CONSIDERATION OF $9.25 BILLION​.TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FFO/UNIT FOR BPY UNITHOLDERS.TRANSACTION INCLUDES A $1.85 BILLION INCREASE IN CASH CONSIDERATION, FROM $7.4 BILLION TO $9.25 BILLION.‍GGP SHAREHOLDERS WILL BE ENTITLED TO GET EITHER $23.50 IN CASH FOR EACH SHARE OR EITHER ONE BPY UNIT OR ONE SHARE OF A NEW BPY U.S. REIT SECURITY​.‍INCREASE IN CASH CONSIDERATION FROM $23.00 TO $23.50 PER GGP SHARE​.‍INCREASE IN EXCHANGE RATIO FROM 0.9656 TO 1.0000​.CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES AND ISSUE SHARES IN TRANSACTION​.CASH PORTION OF DEAL TO BE FUNDED WITH ABOUT $4 BILLION FROM JV EQUITY PARTNERS, & FINANCINGS FROM SYNDICATE OF LENDERS.DEAL INCLUDES CREATION OF A NEW BPY U.S. REIT THAT WILL QUALIFY AS A REIT FOR TAX PURPOSES, ISSUE SHARES IN DEAL.‍CONSIDERATION IN DEAL WILL BE STRUCTURED AS A DIVIDEND BY GGP PAID IN CASH AND EQUITY AND MERGER CONSIDERATION PAID IN CASH​.‍BAM HAS INTENTION TO CONVERT ITS $500 MILLION BPY CLASS C JUNIOR PREFERRED SHARES INTO BPY UNITS AT $23.50 PER UNIT​.‍GGP SHAREHOLDERS WILL RECEIVE A Q2 DIVIDEND OF UP TO $0.22 PER SHARE​.SPECIAL COMMITTEE, COMPRISED OF NON-EXECUTIVE, INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDED GGP SHAREHOLDERS APPROVE DEAL.  Full Article

GGP Inc Says Appointed Heath Fear As CFO, Effective January 2, 2018
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Ggp Inc ::GGP INC SAYS ON DEC 28, APPOINTED HEATH FEAR AS CO'S CFO, EFFECTIVE JANUARY 2, 2018, TO SUCCEED MICHAEL BERMAN - SEC FILING.  Full Article

Brookfield Is Working To Restructure Bid For Mall Owner GGP- WSJ‍​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - :BROOKFIELD IS WORKING TO RESTRUCTURE BID FOR MALL OWNER GGP - WSJ, CITING PEOPLE FAMILIAR WITH THE MATTER ‍​.  Full Article

GGP Inc Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P.
Monday, 13 Nov 2017 

Nov 13 (Reuters) - GGP Inc :GGP Inc. Confirms receipt of unsolicited proposal from Brookfield Property Partners L.P..GGP Inc - ‍board establishes special committee to evaluate Brookfield Property Partners' proposal ​.  Full Article

Brookfield is holding preliminary talks about GGP takeover - CNBC citing Bloomberg
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - :Brookfield is holding preliminary talks about GGP takeover - CNBC citing Bloomberg.  Full Article

GGP reports Q3 earnings per share $0.23 and declares fourth quarter dividend
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - GGP Inc :GGP reports third quarter 2017 results and declares fourth quarter dividend.Q3 earnings per share $0.23.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.GGP Inc - qtrly total revenues $578.4 million versus $554.5 million ‍​.Q3 revenue view $549.4 million -- Thomson Reuters I/B/E/S.GGP Inc - qtrly FFO per share $0.37‍​.Q3 FFO per share view $0.37 -- Thomson Reuters I/B/E/S.GGP Inc - sees ‍Q4 net income attributable to GGP $0.21 to $0.23​.GGP Inc - sees ‍Q4 FFO per diluted share $0.46 to $0.48​.  Full Article

General Growth Properties posts Q2 earnings $0.19/shr
Monday, 1 Aug 2016 

General Growth Properties Inc : GGP reports second quarter 2016 results and raises dividend 11 pct . Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.19 . General Growth Properties Inc says board of directors declared a Q3 common stock dividend of $0.20 per share . Sees FY NAREIT FFO $1.48-$1.52 . Q3 FFO per share view $0.37 -- Thomson Reuters I/B/E/S . General Growth Properties Inc says same store leased percentage was 96.1 pct at quarter end . Q3 FFO shr view - $0.35 for quarter ending September 30, 2016 .FY2016 revenue view $2.42 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-GGP Reports Q1 Earnings Per Share $0.06

* GGP REPORTS FIRST QUARTER 2018 RESULTS AND DECLARES SECOND QUARTER DIVIDEND