Shareholders at Westfield, which runs marquee malls across the U.S., overwhelmingly approved a takeover by Europe-based shopping-center company Unibail-Rodamco despite the falling value of the cash-and-stock offer.
Paris-based Unibail-Rodamco acquired Westfield Corp giving it foothold in 13 countries and 104 mall locations. In the acquisition the combined company will assume the Westfield name and rebrand its Euro locations under Westfield logo. Could...
For investors in Australia's Westfield Corp , its US$16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition.
SYDNEY: Shares in Australian shopping centre giant Westfield soared Wednesday (Dec 13) after French property firm Unibail-Rodamco agreed to buy the group, with founder Frank Lowy congratulated on his "impeccable timing".
In a deal valuing...
PARIS (dpa-AFX) - French real estate company Unibail-Rodamco SE (UNBLF,
UNRDY) Tuesday reported first nine months revenues of 1.50 billion euros, up 5.0
percent from 1.43 billion euros last year.
The company said the delivery of Mall of...
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