General Growth (GGP) Lower Following Response to Ackman; No Sale Now Expected

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General Growth (GGP) Responds to Ackman Letters; Will Stay Course for Now

September 10, 2012 5:34 PM EDT

On September 10, 2012, General Growth Properties, Inc. (NYSE: GGP) sent a letter to Mr. William A. Ackman.

Dear Mr. Ackman:

We have received your August 23 and 27, 2012 letters.

General Growth Properties, Inc. (GGP) regularly engages with and considers input from its shareholders. Your letters have highlighted the increase in shareholder... More