Westfield done deal for Unibail

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.

CORPORATES
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

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