Westfield America (NYSE:WEA) purchased warrants to acquire 9.8 million ordinary shares in Westfield Holding Limited
28 May 1997
Countries: United States
On May 20, 1997, in connection with Westfield America, Inc.’s recently completed initial public offering, Westfield America purchased warrants to acquire 9.8 million ordinary shares in Westfield Holdings Limited for $15,184,120.
Each warrant has an exercise price of Aus $23.33 which represents the weighted average of the sale prices of ordinary shares of Westfield Holdings Limited on the Australian Stock Exchange for the prior twenty business days.
The stock price of Westfield Holdings Limited closed at Aus $23.70 on May 28, 1997.
Westfield America, Inc. (WEA – NYSE) is one of the nation’s leading owners of regional centers. The company owns 22 major shopping center in 10 metropolitan areas in the states of California, Colorado, Connecticut, Maryland, Missouri, New York, and Washington.