DataRoom AM: Westfield makeover

Frank Lowy takes Westfield Group in a new direction, while Fairfax Media sends Stayz on a one-way trip.

One of the biggest corporate deals in Australian history will see Frank Lowy’s Westfield Group split into two – with separate domestic and international businesses. Investors have welcomed the move, which may see the international arm list offshore, but a leading ratings agency isn’t so sure.

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