Brookfield (BAM) Sides with General Growth (GGP) in Battle with Ackman; Says GGP Performing 'Extremely Well'

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Go back to Brookfield (BAM) Sides with General Growth (GGP) in Battle with Ackman; Says GGP Performing 'Extremely Well'

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

September 10, 2012 5:40 PM EDT

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,... More

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