Westfield Corp. and Scentre list on ASX

The restructure of Westfield Retail Trust and Westfield Group is now complete (see Westfield deal is still unfair from 21 May14). For each share of Westfield Group held, shareholders have received one share in the internationally focused Westfield Corporation (ASX code: WFD), as well as 1.246 shares (rounded up) in the Australian focused Scentre Group (ASX code: SCG). Westfield Retail Trust shareholders have received 0.918 shares in Scentre and a cash payment of 0.2853 cents for each Westfield Retail Trust share held. By splitting off the slow-growing Australian management business Westfield Corporation is now focused on developing $4bn worth of...

The restructure of Westfield Retail Trust and Westfield Group is now complete (see Westfield deal is still unfair from 21 May14). For each share of Westfield Group held, shareholders have received one share in the internationally focused Westfield Corporation (ASX code: WFD), as well as 1.246 shares (rounded up) in the Australian focused Scentre Group (ASX code: SCG). Westfield Retail Trust shareholders have received 0.918 shares in Scentre and a cash payment of 0.2853 cents for each Westfield Retail Trust share held.

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