Simon changes its General Growth offer

04/14/2010 | Google · Wall Street Journal, The · Bloomberg Businessweek

Simon Property Group has revised its offer for General Growth Properties, dropping its hostile bid and matching some aspects of a rival offer by Brookfield Asset Management. Simon says its plan, which would include a $2.5 billion reorganization of General Growth, would provide greater benefits to shareholders than Brookfield's proposal.

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Google · Wall Street Journal, The · Bloomberg Businessweek

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