Simon and General Growth Continue to Jockey for Position in Determining GGP's Fate

Published Wednesday, February 24, 2010

The fate of General Growth Properties remains in flux as the major players that will determine its future continue to jockey for position. All signs point to next Wednesday’s bankruptcy court hearing as being a watershed moment for the U.S. mall industry that could determine whether Simon Property Group absorbs its largest competitor or if General Growth is able to fend off the advances and remain independent. In the latest development, the Wall Street Journal reported that General Growth has briefed key creditors on a plan that would result in the Chicago-based REIT being split in two. As ...

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