Westfield-Unibail-Rodamco: The Call of the Mall

Unibail’s Takeover Offer Far Less Compelling for Westfield. FVE Falls to AUD 8.80

Recalibrating Westfield's FVE to AUD 9.15 as Unibail-Rodamco Retraces

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Event-Driven

<p>Narrow moat-rated <a href="https://www.smartkarma.com/entities/896" target="_blank" data-smartkarma-citation="entities:896:1">Westfield Corp (WFD AU)</a> is proposing to merge with <a href="https://www.smartkarma.com/entities/24846" target="_blank" data-smartkarma-citation="entities:24846:1">Unibail-Rodamco SE (UL FP)</a>, with a shareholder vote on a series of interrelated proposals scheduled for May 24, 2018. Consideration comprises 0.01844 Unibail securities plus USD 2.67 cash for each Westfield security, which amounted to USD 7.55 (or AUD 10.01) when the proposal was announced on Dec. 12, 2017. However, the subsequent decline in the price of Unibail scrip and currency movements has reduced the consideration to USD…</p>

Narrow moat-rated Westfield Corp (WFD AU) is proposing to merge with Unibail-Rodamco SE (UL FP), with a shareholder vote on a series of interrelated proposals scheduled for May 24, 2018. Consideration comprises 0.01844 Unibail securities plus USD 2.67 cash for each Westfield security, which amounted to USD 7.55 (or AUD 10.01) when the proposal was announced on Dec. 12, 2017. However, the subsequent decline in the price of Unibail scrip and currency movements has reduced the consideration to USD…

Corporate Action: Westfield Security Holders to Vote Yes to Merger with Unibail-Rodamco