General Growth (GGP) Lower Following Response to Ackman; No Sale Now Expected
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Shares of General Growth Properties, Inc. (NYSE: GGP) are lower in late trading Monday after issuing a response to hedge fund giant William A. Ackman.
The stock is down 3.6 percent in late trading.
For a copy of the letter, click here.
The letter comes following a prior letter in August saying the firm would review Ackman's intentions. Ackman orignally called for General Growth to put itself up for sale. General Growth was up about 12 percent since the letter was sent.
The stock is down 3.6 percent in late trading.
For a copy of the letter, click here.
The letter comes following a prior letter in August saying the firm would review Ackman's intentions. Ackman orignally called for General Growth to put itself up for sale. General Growth was up about 12 percent since the letter was sent.
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