“Mall Brawl Starts with $4.4 Billion Bid”
Courtesy Globe & Mail.
“A deep-pocketed consortium is trying to scoop up dozens of shopping malls in a $4.4-billion bid, aiming to carve up the spoils in what the bidders say is the largest takeover battle that Canada’s real estate investment trust sector has seen.
The group, led by KingSett Capital, has launched a hostile offer – rare in the sector – for Primaris Retail Real Estate Investment Trust, but analysts say that bid is unlikely to be successful unless KingSett sweetens its offer.”
Read the full article HERE.