CORRECTED: Simpson Reps Blackstone In $9.4B Buy Of Centro Malls

Law360, New York (February 28, 2011, 6:55 PM EST) -- Debt-laden Australian real estate investment trust Centro Properties Group reached a deal Monday to sell shopping mall property assets in the U.S. to The Blackstone Group LP for $9.4 billion, according to a source familiar with the transaction.

The companies had not confirmed the deal as of Monday but Centro asked the Australian Stock Exchange to halt trading of its stock pending an announcement of a potential transaction until Wednesday or when an announcement was made.

A source familiar with the matter confirmed the price was...
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