GMG 1.13% $35.93 goodman group

http://www.theaustralian.com.au/goodman-holdngs-sells-property-tr...

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    http://www.theaustralian.com.au/goodman-holdngs-sells-property-trust-securities/story-e6frg8zx-1225795179645

    GOODMAN Holdings has sold almost 70 million ordinary securities in property trust Goodman Group as part of a family reorganisation. "Greg Goodman remains committed as group chief executive officer and to the development and growth of GMG," Goodman Group said yesterday.

    Goodman Holdings retained 5,995,922 ordinary shares and 9.7 million options in GMG.

    Goodman Holdings and its shareholders were in "active negotiations" to acquire a future stake in GMG through an asset for equity swap. "The acquisition involves a substantial business park at Moorabbin in Melbourne."
 
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