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Leading Independent Investment Research, Morningstar, Inc.

Morningstar

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Morningstar, Inc.

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Event-Driven

<p>For a firm that usually provides highly specific earnings guidance, the decision by the <a href="https://www.smartkarma.com/entities/896" target="_blank" data-smartkarma-citation="entities:896:1">Westfield Corp (WFD AU)</a> board and executive to withhold 2018 guidance reeks of a tactic to garner support for the expected mid-year vote on the board endorsed takeover offer from <a href="https://www.smartkarma.com/entities/24846" target="_blank" data-smartkarma-citation="entities:24846:1">Unibail-Rodamco SE (UL FP)</a>. This seems unwise as investors may feel there may be something to hide. An explanatory memorandum will be released in April, which will contain a consultant opinion likely supportive on the transaction.</p><p>…</p>

For a firm that usually provides highly specific earnings guidance, the decision by the Westfield Corp (WFD AU) board and executive to withhold 2018 guidance reeks of a tactic to garner support for the expected mid-year vote on the board endorsed takeover offer from Unibail-Rodamco SE (UL FP). This seems unwise as investors may feel there may be something to hide. An explanatory memorandum will be released in April, which will contain a consultant opinion likely supportive on the transaction.…

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