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Jp Realty Inc

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March 5, 2002 | From Bloomberg News
General Growth Properties Inc., the second-largest U.S. shopping mall owner, on Monday agreed to buy JP Realty Inc. for about $1.1 billion in cash, stock and assumed debt, adding 18 regional malls in the West. JP Realty investors and limited partners will receive $26.10 in cash for each share, 6.8% above the closing price Friday. General Growth will pay $524 million in cash and assume $460 million in debt and $116 million of preferred shares, Chief Executive John Bucksbaum said.
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BUSINESS
March 5, 2002 | From Bloomberg News
General Growth Properties Inc., the second-largest U.S. shopping mall owner, on Monday agreed to buy JP Realty Inc. for about $1.1 billion in cash, stock and assumed debt, adding 18 regional malls in the West. JP Realty investors and limited partners will receive $26.10 in cash for each share, 6.8% above the closing price Friday. General Growth will pay $524 million in cash and assume $460 million in debt and $116 million of preferred shares, Chief Executive John Bucksbaum said.
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BUSINESS
July 2, 1997
Salt Lake City-based JP Realty Inc. said it purchased the Visalia Mall in Visalia for $38 million, completing its fifth shopping mall acquisition since its initial public offering in 1994. . . . Shareholders of Patriot American Hospitality Inc. and the California Jockey Club and Bay Meadows Operating Co. approved Patriot American's $262.9-million purchase of the San Mateo-based real estate investment trust.
BUSINESS
April 9, 2002 | Bloomberg News
General Growth Properties Inc., the second-largest U.S. shopping mall owner, agreed to buy Victoria Ward Ltd. to expand its holdings of Hawaiian retail properties. Chicago-based General Growth will pay $200 million in cash and assume $50 million of debt of the closely held company, which owns 29 buildings and 17 ground leases, including the Ward Entertainment Center, General Growth said.
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