Brookfield Property Partners makes offer for stake in GGP it doesn’t already own

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Brookfield-GGP

Brookfield Property Partners LP is offering $18.8 billion in stock and cash to buy out the shares of U.S. shopping mall owner GGP Inc. that it does not already own, doubling down on the future of brick-and-mortar retail as many merchants come under pressure from e-commerce.

http://www.cbc.ca/news/business/brookfield-property-partners-gpp-1.4400150?cmp=rss