UPDATE 2-General Growth to buy Rouse for $7.2 billion

Newswire

(Adds details) NEW YORK, Aug 20 (Reuters) - General Growth Properties Inc. , the No. 2 U.S. shopping mall owner, has agreed to buy Rouse Co. for $7.2 billion, expanding its holdings of regional shopping centers and commercial property, the companies said on Friday. In the latest big deal among U.S. mall and shopping center real estate owners, General Growth will pay $67.50 for each share for Rouse, a premium of 33 percent over Rouse's closing price of $50.61 on the New York Stock ...

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