GGP Issues Statement Regarding Proposal from Simon Property Group
April 14 2010 - 5:29PM
Business Wire
General Growth Properties, Inc. (NYSE: GGP) announced today it
has received a proposal from Simon Property Group, Inc. and Paulson
& Co. to invest in the equity of GGP. GGP said that its Board
of Directors, together with its legal and financial advisors, will
study the proposal consistent with its fiduciary duties.
ABOUT GGP
GGP currently has ownership interest in, or management
responsibility for, over 200 regional shopping malls in 43 states,
as well as ownership in planned community developments and
commercial office buildings. The Company’s portfolio totals
approximately 200 million square feet of retail space and includes
over 24,000 retail stores nationwide. The Company’s common stock is
traded on the New York Stock Exchange under the symbol GGP.
GGP Inc. (NYSE:GGP)
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