Shopping center stock GGP is rising on reports that Brookfield is interested in a takeover
Nov 8, 2017, 02:07 IST
- Brookfield, an asset manager, is in talks to acquire General Growth Partners, according to Bloomberg News.
- GGP shares are up 17% on the news, adding to its $18.18 billion market cap.
- The talks are at an early stage, Bloomberg reports, and may not lead to a deal.
- GGP is down 11.9% for the year, even after the move on Tuesday. The company invests in shopping malls.
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