Anthony LoPinto

At the close of yesterday’s wild market when the Dow soared over 700 points, Brookfield announced that it had come to an agreement to acquire GGP for $23.50 per share. Many analysts are disappointed with the price, indicating that it’s a low-ball offer based on the quality of the malls and their high occupancy levels.

GGP has been on a rocky road since the Great Recession of 2008 and its subsequent bankruptcy. More recently, it’s been pummeled by online retailing.


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