January 14, 2002 |
An agreement by Westfield America Trust, Simon Property Group Inc. and Rouse Co. to buy Rodamco North America in a $5.3-billion transaction, ending a six-month battle for control of the fourth-largest owner of shopping malls in the U.S. Australian property company Westfield, whose U.S. operations are based in Los Angeles, will acquire interests in 14 of Rodamco's 35 malls, becoming one of the biggest mall managers in the U.S. Simon, the No.
December 18, 2001 |
Rodamco North America, the No. 3 owner of U.S. shopping malls, said it is in takeover talks with a number of parties as it seeks alternatives to an attempt by Westfield Holdings Ltd. to seize control of its management. A takeover is one of three options under consideration, RNA said. The others are RNA's own strategic plan to boost its share price and Westfield's proposal to put RNA's real estate portfolio under its own management.
February 11, 1999 |
Rodamco NA, a major property fund based in the Netherlands, has acquired a controlling interest in The Abbey Co., a Garden Grove-based commercial and industrial real estate concern. The Abbey Co. will receive a $125-million infusion in exchange for 65% of the company's outstanding common stock. Founder Donald Abbey, who launched the business nine years ago with $30,000, retains the rest. The firm will retain its 90 employees.