Fitch to Cut Unibail Rating on Westfield

The transcript discusses Westfield's market position, highlighting its historical stock performance and the impact of the financial crisis. It covers the recent acquisition by Unibail, noting changes in credit ratings and market reactions. The discussion includes the structure of the acquisition offer, with a focus on stock and cash components, and the potential impact on shareholders. The consolidation trend in the mall industry is also mentioned.

What was the highest price Westfield's stock reached before the financial crisis?

• 1167 Australian dollars

• 1200 Australian dollars

• 1000 Australian dollars

• 900 Australian dollars

What change did SMP make to Westfield's credit rating after the acquisition?

• From Triple B plus to a watch position

• From Triple A to a stable position

• From Double B to a positive outlook

• From Triple C to a negative outlook

What percentage of the acquisition offer for Westfield is in stock?

• 35%

• 65%

• 50%

• 75%

How did Unibail's shares react to the acquisition news?

• Increased by two percent

• Fell by about four and a half percent

• Rose by about five percent

• Remained stable

What is a potential concern for Westfield shareholders after the acquisition?

• Unhappy shareholders despite an agreed deal

• Increase in stock value

• Decrease in mall industry consolidation

• Improvement in credit rating