Original article by Turi Condon, Ben Wilmot
The Australian – Page: 23 : 24-May-18
Westfield Corporation’s shareholders are widely tipped to vote in favour of its acquisition by Unibail-Rodamco on 24 May. Winston Sammut of Folkestone Maxim Asset Management says factors such as the support of proxy advisers and the absence of a rival bid suggests that the $A30bn deal will be approved. He attributes the recent fall in Westfield’s share price to investors replacing the stock in their portfolios in expectation of the deal proceeding.
WESTFIELD CORPORATION – ASX WFD, UNIBAIL-RODAMCO, FOLKESTONE MAXIM ASSET MANAGEMENT LIMITED, CGI GLASS LEWIS PTY LTD, CLSA AUSTRALIA PTY LTD, GOODMAN GROUP – ASX GMG, DEXUS – ASX DXS, GPT GROUP – ASX GPT