Westfield trust

[ratkin]

What do the troops think of the planned split into two seperate trusts?
I made an effort to read through it but my adobe acrobat playing up. Looks as though shareholders automatically recieve new shares in the aussie and nz version?

[mark100]

Yes that's right. Plus the new entity will raise $3.5b of which around $1.7b is underwritten. $1.5b from a 1 for 4.23 entitlement issue at $2.75 and a $2b public offer.

I think the plan has some merit. WDC has held too much low capital growth property to get the market excited. WDC will now have a higher weighting to earnings from higher growth overseas development ventures (but still a lot of property as well). But is it change for the sake of change?

[OldRider]

Recent past performance has been subdued

http://www.theaustralian.com.au/business/westfield-to-raise-35bn-as-it-spins-off-its-australian-nz-retail-assets/story-e6frg8zx-1225946933336