GGP Inc. (NYSE: GGP) Investor Investigation Over Possible Wrongdoing In Acquisition

Investors who purchased shares of GGP Inc. (NYSE: GGP) and currently hold any of those NYSE: GGP shares have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
GGP
Affected Securities: 
NYSE: GGP

An investigation on behalf of investors, who currently hold shares of GGP Inc. (NYSE: GGP), was announced concerning whether the takeover of GGP Inc. is unfair to NYSE: GGP stockholders.

The investigation by a law firm concerns whether certain officers and directors of GGP Inc. breached their fiduciary duties owed to NYSE: GGP investors in connection with the proposed acquisition.

On March 26, 2018, Brookfield Property Partners L.P. (NASDAQ:BPY) (TSX:BPY.UN) and GGP Inc. (the “Special Committee”) announced that Brookfield Property Partners L.P. and GGP Inc. (NYSE:GGP) have entered into an agreement for Brookfield Property Partners L.P. to acquire all of the outstanding shares of common stock of GGP Inc other than those shares currently held by BPY and its affiliates.
In the transaction, GGP Inc shareholders will be entitled to elect to receive, for each GGP Inc common share, either $23.50 in cash or either one Brookfield Property Partners L.P. unit or one share of a new Brookfield Property Partners L.P. U.S. REIT security, subject to proration based on aggregate cash consideration of $9.25 billion.

However, given that at least one analyst has set the high target price for NYSE: GGP shares at $34.50 per share, the investigation concerns whether the offer is unfair to NYSE: GGP stockholders. More specifically, the investigation concerns whether the GGP Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.