NORWALK, Conn. — Stock prices of GGP, the company building The SoNo Collection, have risen sharply on Tuesday.
The stock was up 15.9 percent as of 3:21 p.m., Seeking Alpha reported.
Bloomberg and Brookfield Asset Management, which already owns 35 percent of GGP), is in preliminary discussions about taking the company private, Seeking Alpha reported.
At 9:59 a.m., Seeking Alpha reported that GGP’s stocks were up 7 percent as there was “chatter floating around about takeover interest.”
“’It’s perhaps not surprising given the massive [net asset value] discount that Brookfield is considering increasing its ownership [in GGP] or taking the company private,’ Boenning & Scattergood analyst Floris van Dijkum told CNBC,” CNBC reported.