Rodamco Na Company

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.

Westfield America Inc., one of the largest owners of regional shopping malls in Southern California, will acquire interests in three more Southland malls as part of its $2.2-billion buyout of Rodamco North America by Westfield and two other mall operators.

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.

Further details have emerged about the agreement by upscale U.S. shopping mall owner Rodamco North America to a $2.2-billion buyout offer by Westfield America Inc., Simon Property Group Inc. and Rouse Co., ending a five-month takeover battle. Much of the assets of Rotterdam, Netherlands-based Rodamco, which include posh properties such as Bergdorf Goodman on New York's 5th Avenue and Copley Place in Boston, were won by Westfield America.

Further details have emerged about the agreement by upscale U.S. shopping mall owner Rodamco North America to a $2.2-billion buyout offer by Westfield America Inc., Simon Property Group Inc. and Rouse Co., ending a five-month takeover battle. Much of the assets of Rotterdam, Netherlands-based Rodamco, which include posh properties such as Bergdorf Goodman on New York's 5th Avenue and Copley Place in Boston, were won by Westfield America.

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.

Westfield America Inc., one of the largest owners of regional shopping malls in Southern California, will acquire interests in three more Southland malls as part of its $2.2-billion buyout of Rodamco North America by Westfield and two other mall operators.

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.

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.

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.