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European retail giant to take over Westfield for $15.7B

European retail giant to take over Westfield for $15.7B

Westfield Corp., the operator of the World Trade Center mall in Lower Manhattan, Garden State Plaza in Northern New Jersey and several upscale shopping centers in London, has agreed to a $15.7 billion takeover by another giant in the shopping center industry: Unibail-Rodamco. The deal combines two of the biggest mall operators in the world at a time when malls are going through many well-publicized struggles, according to the Wall Street Journal. Westfield shares had […]


Source: realdeal

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