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Fly News Breaks for January 19, 2016
RSE
Jan 19, 2016 | 13:27 EDT
Stifel analyst Nate Isbee said the eventual takeout bid for Rouse Properties (RSE) could be higher than the current $17 bid from Brookfield Asset Management (BAM). Isbee said Rouse has substantial value creation opportunities and could reject the $17 offer as undervaluing the portfolio and hold out for a higher bid, better reflecting large scale redevelopments/value creation opportunities.
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