KEY POINTS:
Shopping centre operator Westfield Group plans to raise A$3 billion ($3.4 billion) through an underwritten pro-rata issue of new securities. The securities would be issued at A$19.50 a share.
Shopping centre operator Westfield Group plans to raise A$3 billion ($3.4 billion) through an underwritten pro-rata issue of new securities. The securities would be issued at A$19.50 a share.
OPINION: The big challenge is a third player having enough scale to compete effectively.