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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