Brookfield Property Partners L.P. said late Monday that it had inked a deal to acquire GGP Inc. for $9.25 billion in cash, as well as 254 million shares. Brookfield stock is down less than 1% in late trading, while GGP shares rose 3.3%. GGP shareholders can elect to receive $23.50 per share in cash, a share of Brookfield, or a share of a new U.S. real estate investment trust. Brookfield stock has fallen 13% this year, as the S&P 500 index has fallen less than 1%.
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