DataRoom AM: Westfield replay

Westfield sets a date for a reconvened shareholder vote on its restructure, while the Queensland government plans a hefty asset sell-off.

The $70 billion restructure of Frank Lowy’s Westfield empire remains on shaky ground as a date is set for the resumption of the crucial Westfield Retail Trust shareholder meeting. So will the presence of a plan B push shareholders to back Lowy’s plans?

Elsewhere, the Queensland government opts for asset sales to solve its budget problem, the Solomon Lew-backed Smiggle may be hived off and Healthscope appears likely to join the IPO queue.

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