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Showing 181 - 190 of 193 results for "Westfield"

Takeovers Panel dismisses AMP Life's appeal on ART

... existence of the co-ownership rights would impair "the efficient, competitive and informed market for control of ART units". Westfield Trust announced last week a takeover offer for the outstanding units (including all rights) in the AMP Shopping Centre ...

Centro extends offer period for ART takeover bid

... ART unitholders the chance to consider the Takeovers Panel's decision, Centro said. Earlier this week, Frank Lowy's Westfield Trust launched a $1.9 billion bid for ART, trumping Centro's offer.

Moody's may downgrade ART following Westfield takeover offer

... possible downgrade - of the A1 long-term senior unsecured rating of AMP Shopping Centre Trust (ART). This follows the Westfield Trust announcement that it will make a counter takeover offer for the ART shares it does not already own. The trust currently ...

Westfield offers $1.9 billion cash for AMP Shopping Centre Trust

Westfield Trust has announced an all-cash takeover offer for the outstanding units (including all rights) in the AMP Shopping Centre Trust (ART) at $1.80 per unit, valuing it trust at $1.9 billion. The announcement made by Westfield chairman Frank Lowy ...

Westfield Trust completes $200 million equity raising

Westfield Trust announced that it had completed a $200 million issue of ordinary units at a price of $3.30 today with distribution entitlements from July 1 2003. The issue was underwritten by Deutsche Bank. The proceeds of the issue will be used to ...

AMP recommends rejection of Centro bid for ART

... superior offer if one arises," AMP Henderson said in a statement. The decision appears in part to have been prompted by Westfield Trust's acquisition of 19.9 per cent of ART on March 18 for $1.80 per unit. Westfield said at the time that the purchase ...

Westfield America earnings on track: Lowy

The chairman of Westfield America Trust, Frank Lowy, today announced at a members meeting that the company expects distribution per unit growth for 2003 to be in line with market consensus forecasts of approximately $0.16 per unit, which represents ...

AMP Shopping Centre Trust announces 5.5% growth

... total return of 16.6% compared with 4.1% for ART. However the proposed takeover ran into trouble almost immediately as Westfield Trust announced on March 24 that it had bought a 16.9% parcel of ART for approximately $247 million, representing a price ...

Centro announces strong retail sales for February

... the AMP Retail Fund (ART) for $1.63 per unit. But a subsequent move for the remaining shares has been complicated by Westfield Trust's purchase of 16.9% of ART shares for $1.80 per unit, confirmed on Monday.

Westfield Trust confirms $247 million move for ART

Westfield Trust today confirmed that it has bought a 16.9% share of the AMP Shopping Centre Trust (ART) for approximately $247 million, representing a price of $1.80 per unit. The deal intensifies the battle for ART after the Centro Properties Group ...