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Article: Besen's contract puts GPT over barrel.
- Article from:
- Australasian Business Intelligence
- Article date:
- March 31, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ben Wilmot
Mar 31, 2009 (The Australian Financial Review - ABIX via COMTEX) -- On 31 March 2009, GPT Group revealed that the Besen family has decided to "put" a 16.7 per cent stake in Highpoint Shopping Centre to the property investment trust. The "put" means that GPT must come up with $A200 million to buy the stake, unless it is acquired by its ...