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"Shopping centre giant Westfield is to be acquired by France's Unibail-Rodamco in a deal that will create a $72bn (£54bn) retail property empire spanning Britain, the United States and much of continental Europe.
"Shareholders in Westfield Corporation, which owns malls in White City and Stratford, London, will receive $7.55 per share at a 7.8pc premium, valuing the Australia-listed company at $24.7bn.
"Westfield employed 523 people in the UK as of last December and is currently working on a new shopping centre in Croydon, south London, which is not expected to be threatened by the deal."
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