Westfield: Today’s the day for an unfair deal

The Westfield empire, combining Westfield Group and Westfield Retail Trust, is today set to restructure for the third time in a decade. But as the proposal requires 75% of the companies' 200,000 shareholders to approve the deal – and just under half getting a decidedly shorter straw – consent is no sure thing. Back in 2004, the Lowy family orchestrated the merger of Westfield Holdings, Westfield Trust and Westfield America Trust into Westfield Group. Then, in 2010, the properties in Australia and New Zealand were spun off into Westfield Retail Trust. Now, the Lowys are at it again with the...

The Westfield empire, combining Westfield Group and Westfield Retail Trust, is today set to restructure for the third time in a decade. But as the proposal requires 75% of the companies' 200,000 shareholders to approve the deal – and just under half getting a decidedly shorter straw – consent is no sure thing.

Back in 2004, the Lowy family orchestrated the merger of Westfield Holdings, Westfield Trust and Westfield America Trust into Westfield Group. Then, in 2010, the properties in Australia and New Zealand were spun off into Westfield Retail Trust.

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