Westfield faces competition in U.S. with GGP plan

04/4/2010 | Sydney Morning Herald (Australia), The

General Growth Properties' recapitalization plan will put pressure on rival companies such as Australia's Westfield, especially if Simon Property Group sweetens its bid and acquires the REIT. On the other hand, the deal could also give Westfield the opportunity to make one-off acquisitions or joint acquisitions with partners.

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Sydney Morning Herald (Australia), The

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