Brookfield Property Partners L.P. BPY

What happens if it trades over $12?

[thenewsnake]

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

[wheeloffortune]

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]

Didnt sell anyhting  best time to decide is Aug 25

[dileas48s]

this is correct  

[dileas48s]

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]

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. 

[Sapho]

Yesterday TD rescind my order yesterday as per my request . I will wait till August 25th.  

[dileas48s]

The following is a transcription of the package I received: 5.    Withdrawal Rights Except as otherwise provided in the Section, tenders of Units pursuant to the Offer will be irrevocable.  Units tenderered pursuant ot the Offer may be withdrawn by the Unitholder: (a)    at any time prior to the Expiration Time (b)    at an time if the Units have not

[wheeloffortune]

Thanks, I sent my broker a letter and referenced p,16 section 5 to withdraw the offer.

[Lacas24]

Most definitely you can cancel your share offer to Brokkfield. I had an excess amount of shares that I had offered as a safety back then when the price was way below 12$. I called TD and cancel that few days ago without a problem. It took couple of days to unfreeze my shares from the lock but other than that it is not an issue.