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Shopping center stock GGP is rising on reports that Brookfield is interested in a takeover (GGP)

GGP is getting a boost from reports that the company could be the target of a takeover.
  • Brookfield, an asset manager, is in talks to acquire shopping mall investor
  • GGP shares are up 17% on the news, adding to its
  • $18.18 billion market cap.
  • The talks are in the early stages,
  • Brookfield currently owns 34% of GGP shares, which it purchased for $462 million as part of an agreement to take the company out of bankruptcy.
  • The companies discussed a 10-15% premium above GGP's share price at the start of the week, according to Bloomberg.
  • GGP is down 11.9% for the year, even after the move on Tuesday.

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