May 24 (Reuters) - Westfield Corp WFD.AX :
* REFERS TO MERGER PROPOSAL WITH UNIBAIL-RODAMCO
* WESTFIELD SECURITYHOLDERS TO HOLD ABOUT 28 PERCENT OF STAPLED SHARES OF NEW GROUP
* WESTFIELD SECURITYHOLDERS WILL BE ABLE TO TRADE STAPLED SHARES OF NEW GROUP ON ASX IN FORM OF CDIS, OR ON EURONEXT IN PARIS & AMSTERDAM
* IF DEAL APPROVED; PETER LOWY & JOHN MCFARLANE WILL JOIN SUPERVISORY BOARD OF UNIBAIL