General Growth Properties Announces Commencement of NYSE “When Issued” Trading
November 05 2010 - 9:10AM
Business Wire
General Growth Properties, Inc. (“GGP”) announced that NYSE
“when issued” trading is commencing today in both “new” GGP common
stock and the common stock of the spin-off company called The
Howard Hughes Corporation. NYSE “when issued” trading will be
conducted under the symbols “GGP WI” and “HHC WI,” respectively.
“When issued” trading in both stocks will continue leading up to
and including the day GGP emerges from bankruptcy. GGP’s existing
common stock is traded on the NYSE under the symbol “GGP” and will
continue to trade regular way leading up to and including the day
GGP emerges from bankruptcy. “New” GGP and THHC will commence
regular way trading the day following the day GGP emerges from
bankruptcy.
Additional information regarding the spin-off and “when issued”
trading can be found at
http://www.ggp.com/about-ggp/restructuring-overview.
ABOUT “New” GGP
“New” GGP will have ownership and management interest in 185
regional shopping malls in 43 states as well as ownership interests
in other rental properties.
ABOUT THHC
THHC is a newly formed company created to specialize in the
development of the master planned community business and other
strategic real estate development opportunities across the United
States.
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