Posted on April 15th, 2010 in antitrust, bankruptcy, BPO, Brookfield Asset Management, buyouts, general growth properties, GGP, India Shares, inthenews, malls, Real Estate, shopping, simon property group, spg
Filed under: Deals, Competitive Strategy, Recession
Earlier this year, General Growth Properties Inc. (GGP) rejected a $10 billion buyout offer from rival Simon Property Group (SPG), but Simon Property is not giving up completely. Wednesday Simon Property announced it would up its offer to $10 per share for GGP in exchange for 25% of the company.
The offer that was quickly rejected a couple of months ago placed a $9 value on GGP stock, and rose some anti-trust concerns.
Continue reading Simon Properties Still Wants a Piece of GGP
Simon Properties Still Wants a Piece of GGP originally appeared on BloggingStocks on Thu, 15 Apr 2010 10:00:00 EST. Please see our terms for use of feeds.
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Tags: India Share market, India Shares
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