The parent company of Westfield America Inc. is Australian-based Westfield America Trust, which announced a couple of weeks ago a plan to purchase the approximately 20% of the shares it currently doesn't own at a price of $16.25 per share.
Westfield has more than 16 million public shares on the New York Stock Exchange. The company has six shopping center in St. Louis and owns 39 nationwide. The shopping centers contain about 38 million sf and have more than 5,000 retail stores.
Two of the three suits filed in federal court were by individuals not living in the area. The other was filed by Washington Savings Bank, a shareholder based in Lowell, MA. Westfield America files corporate paperwork in the state capitol, Jefferson City, which is considered to be in Missouri's Western District.
Reported earnings for the year that ended Dec. 31, 2000 showed Westfield had $195.2 million, or $1.83 per share, in funds from operations
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