REIT Drops $195M For Bigger Stake In Brazilian Mall Owner
A handful of funds affiliated with Pershing, the vehicle of activist investor Bill Ackman, will divest shares representing a combined 14.1 percent of Aliansce, according to a statement from GGP.
The transaction makes the buyer Aliansce's largest shareholder, with nearly 46 percent ownership of the Brazilian firm. GGP is already...
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