Information Relating to the Acquisition of GGP Inc. May 2, 2018Brookfield Property Partners L.P. • May 3rd, 2018 • Real estate
On March 26, 2018, Brookfield Property Partners L.P. (“BPY”), GGP Inc. (“GGP”), and Goldfinch Merger Sub Corp., an indirect, wholly owned subsidiary of BPY, entered into an Agreement and Plan of Merger (the “Merger Agreement”). Pursuant to the Merger Agreement, BPY has agreed to acquire GGP through a series of transactions (the “Transactions”), following which the surviving company is expected to be renamed Brookfield Property REIT Inc. (“BPR”) and will be a publicly-traded U.S. REIT. Set forth below is a summary of certain aspects of the Transactions, including a description of the material agreements and proposed financing arrangements related thereto, as well as certain risk factors relating to BPY following the Transactions.
