Brookfield Property Partners L.P. T.BPY.UN

Primary Symbol: BPY

Real Estate

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.

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Brookfield Property Partners L.P. > What happens if it trades over $12?

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Comment by Saphoon Aug 11, 2020 11:43am

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Post# 31392961

RE:RE:RE:RE:What happens if it trades over $12?

wheeloffortune wrote: It says on the last sentence of p12 of the offer, "An exercise of a Unit Option cannot be revoked even if the Units received upon exercise thereof and tendered in the Offer are not purchased in the Offer for any reason." I tendered 2/3rds of my shares. I asked my broker how to rescind it and he doesn't think it can be done. I'm not with Scotiabank. Can you show me what Scotia sent saying it could be rescinded and what's the process?

dileas48s wrote:
There is a process to rescind your tender offer by a certain date. Close to the deadline or so I believe. The documents I received from Scotiabank clearly described a tender date, rescind date and the transaction date.

You absolutely can cancel your tender offer as of this moment.

wheeloffortune wrote: You can't cancel your tender acceptance. It's a legally binding contract that you signed. Did you sell it all or only half?

thenewsnake wrote:

Do people cancel their tender, and they reoffer and $13?