Bloomberg

The ex-employees are asking for new leverage limits on private equity deals, along with a worker-protection tax and profit clawbacks that would fund payments in situations similar to the one now playing out.

The Toronto-based alternative asset manager said in a statement Tuesday it will acquire Forest City for $25.35 a share in cash.

The acquisition is being made through Ares U.S. Real Estate Fund IX LP, and involves properties in Tennessee, Texas, Georgia and North and South Carolina.

The deal between the bank and the New York-based co-working company is the biggest by revenue for WeWork’s Powered by We business.

SoftBank, which declined to comment, was said to have been considering an investment of at least $100 million.

Investors in GGP voted in favor of the transaction at a special meeting Thursday in the company’s hometown of Chicago.

The company still sees opportunities for growth in the U.S., but increasingly not in the dense urban areas the company is known for.

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