- Amended Current report filing (8-K/A)
November 16 2010 - 5:17PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
to
FORM 8-K
Current
Report
Pursuant
to Section 13 or 15(d) of
the
Securities Act of 1934
Date of Report (Date of Earliest Event Reported)
November 9, 2010
General
Growth Properties, Inc. (f/k/a New GGP, Inc.)
GGP, Inc.
(f/k/a General Growth Properties, Inc.)
(Exact name of registrant as specified in its charter)
Delaware
Delaware
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1-34948
1-11656
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27-2963337
42-1283895
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(State or other
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(Commission
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(I.R.S. Employer
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jurisdiction of
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File Number)
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Identification
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incorporation)
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Number)
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110 N. Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip Code)
(312) 960-5000
(Registrants telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
This
Amendment No. 1 to the General Growth Properties, Inc. (the Company)
and GGP, Inc. Current Report on Form 8-K filed November 12, 2010
is being filed to add the following Item 2.06.
ITEM 2.06 MATERIAL
IMPAIRMENTS.
The Company expects to
record a non-cash impairment charge in connection with the spin-off to its
common stockholders of the net assets comprising the newly formed company, The Howard Hughes Corporation (HHC), to reflect the difference between the Companys
carrying value of such net assets and the market value of HHC. The Company
anticipates that such non-cash charge, to be recorded on the spin-off date, November 9,
2010, will be approximately $537 million or approximately $1.68 per share
(based upon approximately 319 million shares of common stock outstanding on the
spin-off date).
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrants have duly caused this Amendment No. 1 to the report to be
signed on their behalf by the undersigned hereunto duly authorized.
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GENERAL
GROWTH PROPERTIES, INC.
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/s/
Edmund Hoyt
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Edmund
Hoyt
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Senior
Vice President and Chief Accounting Officer
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Date:
November 16, 2010
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GGP, INC.
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/s/
Edmund Hoyt
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Edmund
Hoyt
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Senior
Vice President and Chief Accounting Officer
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Date:
November 16, 2010
3
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