General Growth (GGP) Responds to Ackman's Letter; Wil Act in Best Interest of Shareholders

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General Growth Properties, Inc. (NYSE: GGP) issued the following statement in response to a Schedule 13D Amendment filed today with the Securities and Exchange Commission by Pershing Square Capital Management:

"The GGP Board of Directors and its management team are committed to acting in the best interests of the Company and all its shareholders, and we regularly engage with all our shareholders. We will carefully review Pershing Square's letter."

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Pershing Square Capital, 13D

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